Posts Tagged "ATO"
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ATO Support for Businesses Impacted by High Fuel Costs
Posted on April 7th, 2026 by Paul Lyons
ATO Support for Businesses Impacted by High Fuel Costs
With fuel prices continuing to put pressure on businesses, the Federal Government has announced extra support through the Australian Taxation Office (ATO). If higher fuel costs have affected your cash flow, you may be eligible for a more flexible ATO payment plan.
What Support Is Available?
The ATO’s Fuel Response Payment Plan offers eligible businesses:No upfront payment
Up to 3 years (36 monthly instalments)to pay tax debts
Remission of interest (GIC) provided conditions are met
The ability to vary PA… -
Late on ATO payments? Why delays are more costly now
Posted on November 26th, 2025 by Marg MarshallWhen a taxpayer is late paying their tax debt, the ATO has the option to charge general interest charge (GIC). This is currently charged at 10.61% pa. As of 1 July 2025, GIC is not tax deductible.
In recent years, WLF and our clients have had a good relationship with the ATO. The COVID period saw the ATO relax a little on lodgement and payment expectations, and this assisted us and you, our clients, to manage obligations and, for the most part, recover from that time and meet tax obligations in a timely manner. When payment of tax debts was dif… -
Australia’s National Artificial Intelligence Centre Releases Guidance for Responsible AI Adoption
Posted on October 30th, 2025 by Georgie PriceThe Australian Government through its National Artificial Intelligence Centre (NAIC) has launched its latest Guidance for AI Adoption, a comprehensive framework designed to help Australian organisations adopt artificial intelligence responsibly and effectively. Released in October 2025, this guidance marks a significant step in aligning AI governance with both national ethics principles and international standards.
Why This Matters
AI is transforming industries, from finance and healthcare to education and government. While the benefits are clear—efficiency, innova… -
The Accountant Versus the ATO – High Court Case Could Reshape Tax Treatment of Trust Distributions
Posted on October 30th, 2025 by Paul LyonsIt’s not the next block buster movie but does have shades of the ‘Castle’ about it!
A long-running legal dispute between a suburban Melbourne accountant and the Australian Taxation Office (ATO) has reached the High Court, with potential significant implications for how trust distributions are taxed, particularly those involving corporate beneficiaries.
The case, involving accountant Steven Bendel, stems from amended tax assessments issued by the ATO for the 2014 to 2017 financial years. The assessments related to unpaid present entitlements (UPEs) from a trust to a c…