Latest News

Latest News

ATO launches new app feature to stop scam calls

By Taxwise | May 28, 2026

Taxpayers can now instantly confirm whether a call claiming to be from the ATO is genuine, with the launch of a new in-app security feature designed to shut down scammers. The new verify call feature allows users to confirm, in real time, that they are speaking with the real ATO, not a fraudster. Taxpayers are […]

Tribunal rejects claims for self-education expenditure

By Taxwise | May 23, 2026

The Administrative Review Tribunal recently rejected an employee’s claims for self-education expenses, as they did not have a sufficient nexus with his current job and income-earning activities. The taxpayer worked as an employee for a large company.  He claimed that his role evolved to include marketing and sales responsibilities during the 2022 income year, and […]

Tribunal decision regarding home office and car expenses overturned

By Taxwise | May 18, 2026

The Full Federal Court recently allowed the ATO’s appeal against an Administrative Review Tribunal decision that a taxpayer was entitled to claim deductions for home office and car expenses. The taxpayer worked full-time for the ABC as a sports presenter and producer.  During the 2021 income year, because of COVID-19 pandemic restrictions, the taxpayer undertook […]

ATO wants businesses to review their GST turnover

By Taxwise | May 13, 2026

The ATO has noticed some businesses have not updated their GST reporting and accounting methods after exceeding the relevant thresholds. If a taxpayer’s business has a GST turnover of $10 million or more, they need to use full BAS reporting instead of ‘simpler BAS’, and account for GST on a non-cash (accruals) basis. If their […]

ATO responds to high fuel costs

By Taxwise | May 8, 2026

 The ATO recognises that high fuel costs are affecting some businesses, and it will provide targeted support to eligible businesses that are unable to meet their payment obligations for three months, from 1 April 2026 to 30 June 2026. In particular: u      the ATO will provide streamlined access to more flexible payment plan arrangements, including […]

ATO is ‘clearing up’ some common Payday Super myths

By Taxwise | May 3, 2026

With less than two months until Payday Super starts (on 1 July 2026), the ATO wishes to ‘clear up’ the following common misconceptions. Myth: “There is nothing super fund trustees need to do before the start date.” Fact: Super funds should have already taken steps to receive more frequent contributions and meet shorter processing timeframes.  […]

ATO warns about barter credit tax scheme

By Taxwise | December 21, 2025

The ATO is warning the community to steer clear of an emerging tax scheme involving barter credits — a type of alternative currency used in some business networks. A tax scheme that involves artificially inflating deductions for donations of barter credits to deductible gift recipients (‘DGRs’) is on the rise. While it may seem enticing, […]

ATO’s new approach to holiday home expenses

By Taxwise | December 19, 2025

The ATO has announced that it will take a somewhat different approach in relation to holiday home expenses that are claimed in relation to holiday homes. Broadly, the ATO now takes the view that, if a taxpayer’s rental property is also their holiday home, certain deductions relating to holding it will be completely denied (rather […]

Australians call out tax dodgers in record numbers

By Taxwise | December 17, 2025

The ATO has hit a major milestone of over 300,000 tip-offs from the community about tax dodgers and other dishonest behaviours since 1 July 2019. In the 2024/25 financial year alone, almost 50,000 red flags were raised by members of the community who spotted something suspicious. Most of the tip-offs received related to shadow economy […]

Dental expenses are private expenses

By Taxwise | December 16, 2025

The ATO has been seeing a number of deduction claims for dental expenses this tax time. Dental expenses are private expenses, including preventative and necessary dental treatment, medical expenses and other costs relating to client’s personal appearance (such as teeth whitening, makeup, skin care, shaving products and haircuts) are not deductible. These expenses are generally […]

Reminder of December 2025 Quarter Superannuation Guarantee (‘SG’)

By Taxwise | December 8, 2025

  As noted in the previous article, employee December 2025 Quarter Superannuation Guarantee must be received by the relevant super funds by 28 January 2026. If the correct amount of SG is not paid by an employer on time, they will be liable to pay the SG charge, which includes a penalty and interest component. […]

Alternative providers to the SBSCH

By Taxwise | December 5, 2025

Employers should start preparing for the permanent closure of the Small Business Superannuation Clearing House (‘SBSCH’) on 1 July 2026. By acting now to find an alternative service, employers will: have an established process in place to pay super guarantee (‘SG’) for the March and June quarters (if they currently pay quarterly); reduce the risk […]

Scroll to Top
Call Now Button