Project Wickenby results released

The ATO has released the most recent Project Wickenby results. As at 31 January 2012 the taskforce had achieved: $1.26 billion in tax liabilities raised; $287.44 million in tax collected 65 people charged with serious offences 22 people convicted of serious offences $105.25 million in assets restrained $307.6 million gathered in improved voluntary compliance There…

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Building industry data matching

The tax office has been collecting building industry data as part of their pilot building industry suppliers data-matching project to identify and address non-compliance with tax obligations. Data obtained for the building services industry data-matching program includes: complaints information – to assist us in identifying knowledge and information gaps within the industry where education could…

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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 last few years. Law Central have put together a useful guide on how to avoid…

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