Leigh Harry Leigh Harry

Leigh Harry with Sean Row

In recent years, the ATO has substantially increased the measures used to ensure that all information submitted to them is accurate and complete. With the advent of technology, this has provided a considerable array of sources for them to access and extract data. The table below sets out a list of regular contributors of data, as well as the information that they provide to the ATO.
 

Data Source
Information Provided
Banks, Financial Institutions and Investment Bodies
Investment income
Employers
Payments to employees and contractors
State and Territory motor vehicle registering bodies
Motor vehicles sold, transferred or recently registered
State and Territory title offices and revenue agencies
Sales and other Transfers of real property
Government Bodies
Pensions, rebates, benefits, taxable grants and other payments
Australian Transaction Reports and Analysis Centre (AUSTRAC) and international treaty partners
Foreign source income
Websites (such as eBay) and merchant credit and debit card facilities
Substantial sales and sales history
Stock exchanges and share registries
Share transactions, in particular share disposals and dividend income
Businesses in the building and construction industry
Payments made for building and construction services
Health Insurers
Confirmation of private health insurance cover and premiums paid

The ATO have been given wide ranging powers at Federal Government level to compel the above organisations to provide this information. This only increases the need for complete and accurate information to be provided to us when we prepare your financial statements and tax returns.

Geoff Williams Geoff Williams
 Congratulations to Jason Cobb and his team for their recent win. Over the weekend (4-6/9/15), Geelong small business SPORTS COURTS VICTORIA was awarded the BEST COURT RESURFACING PROJECT FOR 2015 by the Sports Contractors Association of Australia. The project which won the award was for their excellence on a resurfacing project for the Galvin Park Tennis Club in the Wyndham Shire. This award is a nationwide competition open to all sporting contractors.

Jane Phillips Jane Phillips

Individuals that have created a myGov account and linked this account to the Australian Taxation Office will now receive their Notice of Assessments, tax receipts and other ATO mail direct to their myGov account.
 
Any mail received by individuals via the myGov account will no longer be received by our office in paper form. 
 
As your tax agent we will be able to see a copy of the mail, SMS and emails that the ATO have sent you. We will not have access to your myGov inbox – instead we will see copies via the Tax Agent Portal.
 
If you don’t have a myGov account linked to the ATO, we will continue to receive your ATO mail via the post.

 

  1. Taxable Payment Reporting Obligations and Your Business
  2. 2015 Geelong Business Excellence Awards
  3. ATO announce targeting of certain SMSF areas
  4. ANDREW WILLIAM WIERZBOWSKI HAS RETIRED