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Tag Archives: compliance
Service trusts – a guide to their safe use.
Many business people use a service trust to supply the use of equipment, staff, premises and administration services to their main business entity. The ATO has been stated concerns about them for decades but has only become active in the … Continue reading
2010-11 ATO audit focus – Individuals
Over the last few years the ATO has found that sending letters to targeted occupations substantially reduces the claims made by that group. In June 2009 they wrote to over 178,000 taxpayers in seven occupations including: concreters; construction and plumbers assistants; electricians; … Continue reading
Third arrest over multi-million dollar tax fraud
Tuesday, 12 August 2008 The Australian Federal Police (AFP) has charged a 56-year-old man over a multi-million dollar offshore tax avoidance scheme. Federal agents arrested the Queensland man yesterday afternoon soon after he arrived in Australia on a flight from … Continue reading