ATO to include tax ‘debts on hold’ in taxpayer account balances From August 2025, the ATO is progressively including ‘debts on hold’ in relevant taxpayer ATO account balances. Editor: A ‘debt on hold’ is an outstanding tax debt where the ATO has previously paused debt collection actions. Tax debts will generally be placed on hold … Read more
As tax time approaches the ATO is encouraging people to check which work related expenses they are entitled to and understand what records they need to keep. A tax deduction is allowable if you can show that an expense was: actually incurred meets the deductibility tests, and satisfies the substantiation rules. Generally speaking if you … Read more
What is Involved? A review or audit usually involves looking at your tax affairs to ensure the information you have given the ATO is accurate and you have complied with your tax obligations. What the ATO Expects of You The ATO expects a co-operative approach. They expect us to be timely and accurate in our … Read more
