IGT Reaches Out to Punters to work Out Where to Go The Inspector-General of Taxation (IGT), Ali Noroozi, has announced that he will now consult the public to develop his new work program for 2014 and beyond, inviting all interested parties to have a say. “My work program seeks to target areas that potentially provide […]
What is a Director Penalty Regime?
What is a Director Penalty Regime? Under the pay as you go (PAYG) withholding system, the Income Tax Assessment Act 1997 (ITAA) requires companies to withhold money from wages to meet employees’ tax liabilities to the Australian Taxation Office (ATO). Companies are also required to pay a superannuation guarantee charge (SGC) under the Superannuation Guarantee […]