Tax administration July 2019

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Running Time: 5:05

Date: 01/07/2019

  • Requirement to lodge 2019 tax and other returns made
  • TPB draft guidance: engagement letters; transfers of business/confidentiality
  • ATO effective life review for funeral, crematorium and cemetery services industry assets
  • Trustee obligations on ATO radar, especially TFN reports
  • ATO visiting small businesses in Vic, Qld and NT in black economy crackdown
  • ATO effective life reviews for assets used in supermarket and grocery stores
  • Tax Time 2019 - reminders and updates from ATO
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Peter McGinty, Chartered Accountants Australia and New Zealand