PGNL Financial Services

ATO ramps up landlord crackdown using rental bond data Records of around 2.2 million landlords, tenants and property managers will be used to track down underreported income.

The tax implications of Christmas parties, gifts and donations Christmas is just round the corner and with it comes the Christmas party season. But what are the tax implications of all the parties, gifts and donations that will occur over the next few weeks? This is what accountants should be advising.

Sneaky ATO deduction that could land you in hot water

Sneaky ATO deduction that could land you in hot water Aussies are being told not to make this common mistake this tax time.

https://www.medicalrepublic.com.au/victoria-lets-gps-off-payroll-back-tax-hook/107794

Victoria lets GPs off payroll back-tax hook - Medical Republic The bombshell move relieves practices of the prospect of retrospective audits and exempts bulk-billed consults from next year.

Landlords to be targeted by ATO over rental property claims Landlords to be targeted by ATO over rental property claims The tax office has forewarned landlords that dodgy or erroneous rental claims are at the top of its annual hit list for 2024.

ATO 'hit list' revealed as taxpayer's common claim

ATO 'hit list' revealed as taxpayer's common claim targeted for $8.7 billion 'tax gap' The Australian Taxation Office is carefully reviewing the areas where taxpayers may try to pull the wool over their eyes, or accidentally make mistakes in their claims, to boost their returns.

https://www.afr.com/policy/tax-and-super/relying-on-bank-statements-for-tax-deductions-think-again-20231018-p5ed9k

Relying on bank statements for tax deductions? Think again A Brisbane businessman learnt the hard way that bank and credit card statements are not sufficient records to prove $48,000 in tax deductions.

Notice of visa data-matching program

Gazette notice: Commissioner of Taxation – Notice of a visa data-matching program - 13 October 2023 C2023G01133

ATO underscores need for timely payments for tax and super - Inside Small Business The ATO is reminding taxpayers to pay their tax and super contributions due this month to avoid incurring penalties or even legal action.