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KS ATO overseas crackdown

ATO cracks down on overseas income

Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has once again flagged that underreporting of foreign income is sti...
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KS 11.1b

Small business responsible for $11.1bn tax shortfall

Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’.These new figures give visibility to tax compliance issues...
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KS SMSF lack of diversity

SMSF under scrutiny for lack of asset diversity

Are all your SMSF eggs in one basket?The investment strategies of Self Managed Superannuation Funds (SMSFs) have come under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustee...
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