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The Latest Breaking News from ATO

Preparing your tax return? Here are the COVID-19 tax deductions you may not have heard about

The clock is ticking towards the end of the financial year, which means it's time to start preparing your tax return. Here are some COVID-era deductions.

The New Daily

The Loop: Concerns over Boeing's 737 MAX, bleak data on Australia's gender pay gap, and what the ATO is cracking down on at tax time

Get up to speed on today's headlines with The Loop.

ABC News

Trying to recoup the higher cost of living via your 2022 tax return? 'Not on', ATO warns taxpayers

Australians not declaring crypto investments and over-claiming work-related expenses to help with the rising cost of living could come under ATO fire.

ABC News

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Australian Taxation Office crackdown on family trust rorts causes alarm among tax advisers

ATO gives example of child being given $180,000 then repaying it to parents for cost of bringing them up as going against community expectations

The Guardian - AU

Expert Ratings for Atmos Energy

Atmos Energy (NYSE:ATO) has observed the following analyst ratings within the last quarter:

Benzinga

Tax office and federal police conduct raids over billion-dollar tax scam spread on TikTok and Facebook

A dozen locations raided as ATO says 70,000 instances detected of GST fraud method popularised via social media

The Guardian - AU

ATO targets GST scams, recovers $1 billion

People attempting to trick the Australian Taxation Office with a GST scam are being warned they are not "anonymous" and could potentially face time behind bars.

AAP

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ATO headquarters building in Civic listed for sale

It's the second property the owners - a German investment fund - have listed for sale this year.

The Canberra Times

Labor government urged to drop prosecutions against whistleblowers and ramp up protections

As the Albanese government works on getting legislation ready for its highly anticipated corruption watchdog, calls are growing for it to boost protections for whistleblowers and drop criminal prosecutions against Richard Boyle, David McBride and Bernard Collaery, and to advocate for Julian Assange.

ABC News

Trackies and uggs: what you can and can’t claim this EOFY

Trackies and ugg boots may be your working from home uniform, but they are on the list of no noes at tax time. COVID restrictions have led workers to try

The New Daily

Get your tax right after COVID-19: ATO

The Australian Taxation Office anticipates COVID-19 will continue to impact the income and deductions taxpayers will be reporting in their returns this year.

AAP

PwC told client it could cut Australian tax by $70m, court documents in privilege fight show

The Australian Tax Office is auditing Brazilian meat processor JBS over tax restructure

The Guardian - AU

Cryptocurrency and tax: could you end up paying the ATO more than you earned?

A lot of investors don’t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled

The Guardian - AU

4 Ways To Make Tax Time A Breeze If Yr Not Into Rocking Back And Forth In The Fetal Position

Get on top of it for once.

Pedestrian.tv

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ABC News

Australia's insolvency drought might end with an unwanted flood

As the pandemic roared in during early 2020, rapid and astonishing shifts were made to prop up an economy sledgehammered by lockdowns, restrictions and fear.

Benzinga

Analyst Ratings for Atmos Energy

Analysts have provided the following ratings for Atmos Energy (NYSE:ATO) within the last quarter:

ABC News

Australian Taxation Office resumes chasing small business debts as COVID holiday ends

Freedom of information documents reveal tax leniency was shown to small businesses with debts during the pandemic, but now the ATO is changing its tune.

AAP

ATO probing 40,000 Aussies for tax fraud

The ATO has thousands of Aussie taxpayers in its sights over an $850 million GST fraud that's being promoted on social media.

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Benzinga

Recap: Atmos Energy Q2 Earnings

Atmos Energy (NYSE:ATO) reported its Q2 earnings results on Wednesday, May 4, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Atmos Energy beat estimated earnings by 0.85%, reporting an EPS of $2.37 versus an estimate of $2.35.

AAP

Plutus fraudsters led lavish lives: Crown

Adam Cranston and others are accused of using the $105 million Plutus Payroll tax fraud conspiracy to fund lavish lifestyles of fast cars, planes and property.

Benzinga

Here's How Much You Would Have Made Owning Atmos Energy Stock In The Last 10 Years

Atmos Energy (NYSE:ATO) has outperformed the market over the past 10 years by 1.99% on an annualized basis producing an average annual return of 13.49%. Currently, Atmos Energy has a market capitalization of $15.77 billion.

ABC News

Secret phone taps of ATO deputy commissioner's son — discussing alleged multi-million-dollar tax fraud — played in court

A man accused of orchestrating an alleged $105 million tax fraud told his alleged co-conspirator it would be "bigger than Ben Hur" if the scheme was uncovered, tapped phone calls played in court reveal.

ABC News

Illegal vape and tobacco trade booms across Queensland amid 'bureaucratic buck-passing'

The illegal sale of nicotine-filled vapes is increasing as the black market storefronts supplying them flourish in Queensland amid confusion over authorities' power to crack down on the crime.

ABC News

Labor and Coalition ramp up pressure on multinational tax avoidance ahead of election

As part of its election pitch to fight multinational tax avoidance, Labor announces plans to tighten legal loopholes that allow big companies to shift profits offshore, as well as to introduce steps to increase transparency.

The Guardian - AU

Auditor general finds jobkeeper scheme effective despite ‘shortcomings’ in compliance checks

Audit finds one company allowed to keep ‘potential overpayment’ of up to $360,00, despite failing to respond to concerns its revenue had increased 150%

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