Categories for Accounting News

ATO and non-commercial loses

The ATO understands the past few years have been difficult, with floods, bushfires, and COVID-19 affecting many businesses. The ATO wants to help make it easier for businesses impacted by these events, and so have developed a practical compliance guideline (PCG) that may assist. The ATO develops PCGs to address the practical implications of tax laws and outline our administrative approach.

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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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