News

Category: ATO matters

Succession planning in ATO spotlight
Wealthy privately-owned groups have seen an increase in unexpected tax consequences as the ATO firms...
ATO debt reaches $105b ahead of EOFY 2024-25
The ATO is currently owed over $105 billion in unpaid debt, Commissioner of Taxation Rob...
Increased Cost of Tax Debt: ATO Crackdown Continues
From July 1, 2025, the general interest charge (GIC) and shortfall interest charge (SIC) will...
15% Withholding on Property Sales: New Tax Rule for Australian Sellers in 2025
As of January 1, 2025, all Australian residents for tax purposes must provide a clearance...
Rising ATO pressure: stay informed on Director Penalty Notices
Small and medium businesses are facing increasing pressure as the Australian Taxation Office (ATO) ramps...
ATO Client-to-Agent linking changes
In April 2024, the Australian Taxation Office (ATO) announced a number of changes to the...
Working at home tax deduction due to COVID-19
Recently announced by the Australian Taxation Office is a remodel to a concept many...
TAX TIME QUESTIONS
At tax time and everybody wants to get their refund. At Optima Partners we...
What you need to know about claiming Self-education expenses
Have you undertaken studies at an educational institution, attended conferences/seminars or commenced an online learning...
Privacy ? What Privacy?
Privacy ? The Australian Taxation Office (ATO) is a very busy organization. It does much,...
Data Matching & Reportable Income
People often think of the Australian Taxation Office (ATO) as the big bad wolf on...
WHY YOUR COST OF MANAGING TAX AFFAIRS DEDUCTION MATTERS
  On Sunday 26 June, just six days before the federal election, the ALP’s Shadow...

Latest News

Succession planning in ATO spotlight
Wealthy privately-owned groups have seen an increase in unexpected tax consequences as the ATO firms...
Tax misinformation: CPA warns against AI and influencers
Taxpayers are increasingly turning to unreliable sources for tax advice as the 2024-25 financial year...
Key Dates – June 2025
June 5: Lodge 2024 tax returns for all entities that did not need to lodge...
ATO debt reaches $105b ahead of EOFY 2024-25
The ATO is currently owed over $105 billion in unpaid debt, Commissioner of Taxation Rob...
Cash flow crunch: SIC, GIC and super guarantee increase
Small and medium businesses could be facing a cash flow crunch in the wake of...
Planning for EOFY 2024-25
With the end of the 2024-25 financial year in sight, the time has come again...
2025 Federal Election: Key tax changes under Labor’s second term
The Australian Labor Party has declared victory in the 2025 Federal Election, establishing a second...
Sustainability reporting: ASIC urges SMEs to brace for impact
The Australian Securities and Investments Commission (ASIC) has reminded small and medium entities to be...
Key Dates: May 2025
15 May: Lodge 2024 tax returns for all entities that did not need to lodge...
Understanding business structures: tax, liability and asset protection
Your chosen business structure has massive implications for your tax liability, asset protection and cost....