ATO’s notices of data-matching programs
ATO Expands Data Acquisition for Enhanced Compliance from 2024 to 2027 New initiatives will gather comprehensive information from various sources, impacting millions—understand what data the ATO will collect and its implications for taxpayers The ATO will acquire officeholder data from ASIC and other bodies for the 2024 to 2027 income years, including name, address, date […]
Research shows Gen Zs are financially stressed with high debt
Gen Z more concerned about finances than any generation in Australia New research shows Gen Zs are feeling financially stressed with high levels of debt including Buy Now Pay Later use. New nationwide research released by ASIC’s Moneysmart program shows for seven in ten (68%) Gen Zs, finances are a major cause of concern, more than any […]
Business structure set up
Setting up a business structure If you are starting a small business you will need to work out which type of business structure to use. We explain the benefits and disadvantages of different types of business structures. Sole trader A sole trader is the simplest business structure and it is inexpensive to set up because […]
ATO data matching of share transactions
Share transactions – 20 Sep 1985 to 30 Jun 2018 data matching program protocol (amended) At a glance Program objectives The purpose of the ATO’s data matching program is to ensure that taxpayers are correctly meeting their taxation obligations in relation to share transactions. These obligations include registration, lodgment, reporting and payment responsibilities. As taxpayers can hold shares for […]