ATO ups the data matching of insurance companies to capture all taxpayers

ATO UPS THE DATA MATCHING OF INSURANCE COMPANIES TO CAPTURE ALL TAXPAYERS Insurance policies covering boats > $100,000, thoroughbred horses > $65,000, aircraft >$150,000 and fine art >$100,00/item are to be the subject of a renewed focus by the ATO in its lifestyle assets data-matching program. The ATO will now capture the last 5 years [...]

By | March 27th, 2020|Blog|0 Comments

ATO Targets Wealthy Individuals and Groups

The information below is to provide our clients with a better understanding of the ATO’s new drive re audits.  We will consistently update you as the ATO releases new information on their activities. The ATO are expanding their audit department with 200 more auditors who will target Australia’s top 500 private companies and 5,000 high [...]

By | March 18th, 2020|Blog|0 Comments