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Tax Office holds up 49,000 tax returns
www.lovetts.com.au/news/tax-office-holds-up-49-000-tax-returns

Tax Office holds up 49,000 tax returns.

Employers, companies, trusts and super funds to give bank account details to ATO
www.lovetts.com.au/news/employers-companies-trusts-and-super-funds-to-give-bank-account-details-to-ato

FBT returns and tax returns for companies, trusts, super funds, body corporates will need to disclose the tax paying entity’s bank account details from July 2014.

Small business benchmarks
www.lovetts.com.au/news/small-business-benchmarks

The Tax Office publishes small business benchmarks using data collated from income tax returns lodged by more than 100 different types of businesses. These have been updated recently with data from the 2008/09 financial year.

Save Tax: Release from tax
www.lovetts.com.au/news/save-tax-release-from-tax

Save Tax: Release from tax. Will payment of a tax liability create serious hardship?

Tax Office moves on cancellation of unused ABNs
www.lovetts.com.au/news/tax-office-moves-on-cancellation-of-unused-abns

Tax Office moves on cancellation of unused ABNs. Unused ABNs will be cancelled by the Tax Office where their records indicate that the taxpayer is not carrying on an enterprise.

Data matching statistics
www.lovetts.com.au/news/data-matching-statistics

Data matching statistics. 520 million transactions were data-matched and analysed by the Tax Office during the 2011 financial year.

Question: Interest earned jointly
www.lovetts.com.au/news/question-interest-earned-jointly

However, this would be a difficult argument to maintain because the Tax Office receives all these details from banks and data matches them to the relevant taxpayers.

75% penalty for non-lodging returns
www.lovetts.com.au/news/75-penalty-for-non-lodging-returns

Andrew Lovett. 75% penalty for non-lodging returns. The Tribunal has confirmed 75% shortfall penalties on a company and its sole director for not lodging returns in the 2005 income year.

Non-resident despite knowing of eventual return to Australia
www.lovetts.com.au/news/non-resident-despite-knowing-of-eventual-return-to-australia

Non-resident despite knowing of eventual return to Australia.

Fringe benefits data matching
www.lovetts.com.au/news/fringe-benefits-data-matching

The Tax Office is using data matching to catch out employers not paying fringe benefits tax for motor vehicles and living away from home allowances.