Capitaleyes Latest Accounting News

Equifax signs data agreement with ATO

Global data, analytics and technology company Equifax has signed an agreement with the ATO to receive commercial tax default data so that it can be displayed in credit reports.
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Last chance to claim the loss carry-back

Businesses that need a little more financial help will have one last opportunity to claim the loss carry-back in their 2021–2022 income tax returns.
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State and Federal Disaster support — May 2022

  The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet further national hardships.  
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E-invoicing will reduce emissions, says PwC

Digitising billing systems would save almost $130 million annually in carbon emissions
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Be alert for phoenix activity, businesses told

The ATO says the best protection is “knowledge defence”. 
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Small businesses show sign of omicron rebound

Increased sales take Xero index into positive territory.
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Data matching program: government payments

A data matching program designed to identify and address non-compliance with tax and super obligations is under way in relation to government payments for the 2018–2019 to 2022–2023 income years. It covers most services that the Commonwealth Government pays third-party program providers to deliver.  
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ATO puts 50,000 directors on notice.

The ATO is sending its strongest message on debt enforcement since the pandemic, says Grant Thornton.
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State and Federal Disaster support — April 2022

  The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet further national hardships.  
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Federal Budget 2022 – Overview

  The following is a breakdown of the major parts of the Federal Budget delivered last night by the Treasurer, Josh Frydenberg.   
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FBT Reminder – Odometer Reading

  Anybody who has a Fringe Benefits Tax obligation should take an odometer reading of motor vehicles  
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ATO launches campaign to target tax withholding on overseas royalties

ATO has embarked on a new campaign to target private wealth groups withholding tax on overseas royalties.
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