ato

In our lates episode, we discuss downsizer contributions.

In our latest episode we discussed, Business Risk Management.

In our latest episode, we discussed about the latest SMSF news.

In our latest episode, we discussed small business and technology.

In this latest episode, we discussed the latest ATO news as well as tax strategies for your SMSF.

In this latest episode, we discussed year-end documentation.

In our latest episode, we would like to welcome you to the New Financial Year and tax time.

This episode will help you set up your systems to make tax time as minimal as possible.

People whose lives are otherwise in good shape can suffer a mental block when it comes to tax. This episode will give you tips to get motivated and preparing your tax return more efficient.

Mia and Dinah discuss:

• motivations for doing your tax by the deadline
• the benefits of using an accountant or tax agent 
• why you might want to see your accountant before tax time
• thinking about your tax refund as a payment for the work you need to do
• options for setting up an online filing system to keep tax records
• using scheduling to set aside a time to do your tax return
• rewarding yourself when you get your tax return done.

• Mia discusses how she organised her son’s birthday in one Power Hour : finalised the guest list, booked the venue, bought gifts and invited family for a separate get together
• Dinah talks about how she cleared out the 16,000 unread emails in her personal email account

• Mia talks about a  visit to Centrelink to sort out her Child Care Subsidy
• Dinah talks about the difficulty in banking a cheque 

Book - Mentors: How to Help and be Helped by Russell Brand

myDeductions - ATO app to save your receipts

Please head to the Life Admin Life Hacks Facebook page to connect with listeners and share your thoughts, questions or suggestions.

In this episode, we talked about Tax Planning for the year 2019.

In our latest episode, we discuss the Year-end planning for your fund.

In this latest episode, we discussed Labour's Election Tax Policies

As tax time looms, many Australians are gathering evidence of deductible spending to file a personal income tax return post June 30, with their hopes pinned on receiving even a small sum back. However, in the UK and New Zealand,"wage slaves" and others with comparatively simple tax affairs are spared the need to fill in a return at all.Ten inquiries have looked into simplifying tax returns over the past two decades, but Australia's policymakers have held back. Jason Kerr, a researcher at the Australian School of Business, finds strong evidence for a hybrid system that would entrust taxpayers to do the right thing.

David Vasudevan and Andrew Yeo, Business Recovery and Insolvency Services, Pitcher Partners, discuss managing risk for clients and advisers when the ATO seek to recover debts with Mark Morris, Senior Tax Counsel CPA Australia.

Ray Cummings, Principal, Greenoak Advisory, talks with Mark Morris, Senior Tax Counsel, CPA Australia, about the tax and practical considerations that should be considered when undertaking estate planning.

Paul Kruspe, Assistant Commissioner - Lodgment and Thomas Ryan, Assistant Commissioner - Debt , Australian Taxation Office, talk with Mark Morris, Senior Tax Counsel, CPA Australia about the ATO's differentiated approach to lodgement and debt.

Jennifer Moltisanti, Assistant Commissioner, ATO, talks with Mark Morris, Senior Tax Counsel CPA Australia, about the ATO's dispute management plan and refund integrity verification measures.

Only about 2.5 million individuals directly use the Australian Taxation Office's online e-tax facility, while a further 9 million now file online via tax agents, which means forking out for the extra compliance costs. A mere half a million use the old paper method. Commissioner of Taxation Michael D'Ascenzo well recalls the initial hue and cry about "big brother watching" when the returns went online in 2007. Regardless of delivery mode, research shows most Australians "don't mind" filing an annual tax return, he says. Mainly because about 80% of the nation's personal taxpayers get a refund.

Only about 2.5 million individuals directly use the Australian Taxation Office's online e-tax facility, while a further 9 million now file online via tax agents, which means forking out for the extra compliance costs. A mere half a million use the old paper method. Commissioner of Taxation Michael D'Ascenzo well recalls the initial hue and cry about "big brother watching" when the returns went online in 2007. Regardless of delivery mode, research shows most Australians "don't mind" filing an annual tax return, he says. Mainly because about 80% of the nation's personal taxpayers get a refund.

The Australian government could boost its coffers by many billions of dollars and improve compliance by increasing third-party reporting on taxpayers' incomes and withholding tax requirements. International studies show that relying on taxpayers' honesty and co-operation typically results in a shortfall, according to Richard Highfield, senior adviser with the OECD's Centre for Tax Policy and Administration. He estimates increasing third-party reporting on business-related income in particular – including business-to-business and business-to-consumer sales, share transactions and property rentals – would significantly stem "revenue leakage."Australia has "lots of room" for improvement, agrees the US national taxpayer advocate, Nina Olson, but experience shows third-party reporting also can be counterproductive, she warns.