An automated penalty is created for directors of a company the end of the day that their obligation is due. A Director Penalty Notice (“DPN”) is issued when no payment has been received for PAYG withholding and/or superannuation (SGC) debts within 3 months of the due date for lodgement.
ATO Focuses on Trusts and Income Distributions
17 May 2022
The Australian Taxation Office (ATO) has issued a suite of draft guidance documents and a Taxpayer Alert on the topics of Section 100A and Division 7A of the Income Tax Assessment Act. The documents focus on arrangements commonly seen in family and private groups, and are likely to have significant impacts on the way trusts distribute income to ben...
ATO Business Portal Authentication Method to Change in March 2020
3 Mar. 2020
The Australian Taxation Office (ATO) are changing the digital authentication method which enables access to their online portal from AUSkey to myGovID. If you are currently using an AUSkey to access the ATO Business portal or for any other reason, then you have until 27 March 2020 before AUSkeys are phased out completely and replaced with myGovID...
ATO increasing direct electronic interactions with taxpayers
9 Dec. 2016
Over the last few years, the ATO has escalated its direct communication with taxpayers through various electronic means, such as through MyGov, emails and mobile text messages. Increasingly, the ATO is relying on these digital communication channels to issue reminders, follow up outstanding debt and obligations and deliver various forms and notices...
