News and Media

Fresh figures released on SG non-compliance

19th March 2018

The ATO has more than doubled the number of SG non-compliance cases initiated this financial year and raised approximately $509 million from the casework completed between July 2017 and January 2018.

In a conference address this week, ATO deputy commissioner, superannuation, James O’Halloran said from July 2017 to mid-March 2018, the ATO has completed 8,100 ATO-initiated cases. This represents a 105 per cent increase from the 3,238 cases that were completed in the same period last year.

Click here to read the full article. 

‘Really disappointing’: Chris Jordan lashes out at tax agents

16th March 2018

Tax commissioner Chris Jordan has come out swinging at tax practitioners, after finding that incorrect claiming was more rampant in agent-prepared returns as compared to self-prepared returns.
Speaking at the Tax Institute’s National Convention in Cairns, Mr Jordan said that while the majority of tax practitioners were doing the right thing, some were “deliberately scamming or cheating the system”.

As part of the ATO’s focus on work-related expenses, Mr Jordan said its random enquiry program has found that incorrect claiming was worst in agent prepared returns.

Click here to read the full article.

Congratulations Shauna

8th March 2018

In Australia the average tenure with an employer is less than 3.5 years. At Accountancy Insurance we continue to congratulate team members for reaching their 5 year milestone with us. Congratulations to our latest team member, Shauna Anderson, for enjoying 5 years in our Adelaide office. 


‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list

21st February 2018

The tax office has further detailed what type of work-related expenses will be in focus this tax time and signalled a particular focus on documentation where “red flags” are automatically triggered in its system. 

As part of its broader and heavily heralded clampdown on work-related deductions, the ATO said today that substantiation will be bumped up its priority list when it assesses suspect claims.

Click here to read the full article. 



         Chartered Accountants

Tax Institure