-
An up-to-date snapshot of …
Read More
-
Property transfers between …
Read More
-
The Tax Office will begin contacting clients in the building and construction industry …
Read More
-
The ATO have raised the fuel tax credit rates following an update of …
Read More
-
Read More
-
Warning: Very recent cases where GST fraud have landed business people in jail.
Read More
-
The government has increased the threshold for the instant asset write-off to $25,000 …
Read More
-
Read More
-
Read More
-
If you feel a bit aggrieved by having to move away from a …
Read More
-
APRA will remove its cap on interest-only loans from next year, a move …
Read More
-
Small and medium businesses are set for a busy year of tax promises …
Read More
-
Read More
-
The Australian Taxation …
Read More
-
With the taxable payments reporting system now set to cover five different industries, …
Read More
-
Down but not out As the global economy enters its tenth year of …
Read More
-
The Australian Taxation Office (ATO) has issued a long-awaited ruling on trust vesting, …
Read More
-
Comprehensive statistics on how Australia is performing.
…
Read More
-
Behavioural coaching is a major component in how a financial planner adds value to …
Read More
-
ATO Commissioner Chris Jordan has urged small businesses not to panic over the transition …
Read More
-
On behalf of all our staff we wish our clients a Merry Christmas, …
Read More
-
Both the Tax Office and the corporate regulator see property investment in superannuation …
Read More
-
Equity crowdfunding has been a popular method to raise capital in many countries …
Read More
-
An article based on a 16 year study by Vanguard Investments Pty Ltd.
Read More
-
The Government has announced a package of reforms to combat phoenix activities, including …
Read More
-
Over the past decade, there has been improvement in the number of women …
Read More
-
Interest in property investment from younger SMSF trustees continue to hold steady despite tighter policy …
Read More
-
Compliance activities undertaken by the ATO in the 2017-18 financial year saw the ATO raise around $850 …
Read More
-
The Tax Office will be sending SMS text messages to clients who provided …
Read More
-
The Australian Taxation Office has issued guidance for employers on determining an employee’s …
Read More
-
The ATO has warned that it will be increasing efforts to identify taxpayers who leave …
Read More
-
If a company fails to comply with their obligations under the PAYG withholding …
Read More
-
Residential property tax of 1% of the property’s capital improved value is imposed …
Read More
-
Despite months of delays, the Senate has today passed legislation to extend the …
Read More
-
ATO deputy commissioner James O’Halloran
…
Read More
-
The ATO has updated its guidelines on the tax treatment of cryptocurrencies, including issues on exchanging …
Read More
-
This year, the Australian …
Read More
-
Accountants with SME clients looking for export opportunities have been given a leg up with …
Read More
-
The tax office’s new approach to determining whether entities are resident under the …
Read More
-
The ATO has outlined key risk factors, behavioural triggers and paper trails that will draw its attention …
Read More
-
Amidst all the drama in Canberra recently, you could be forgiven for missing an …
Read More
-
With large multinational and public companies put on notice by the ATO over their GST …
Read More
-
Read More
-
The tax office has reiterated it will be paying close attention to taxpayers …
Read More
-
Bankruptcy is a legal process whereby a person is declared unable to pay …
Read More
-
Read More
-
Please click on the following …
Read More
-
While it’s unlikely that traditional accounting will be replaced by a blockchain method in the …
Read More
-
Read More
-
Warning: Identify theft scams
The …
Read More
-
The Australian Taxation Office …
Read More
-
Ahead of one of its biggest deductions crackdowns, the tax office has released …
Read More
-
Read More
-
Businesses look set to be granted a 12-month window to address historic under-payment …
Read More
-
While the gender gap in superannuation is improving, an economic index indicates women …
Read More
-
Accountants and their clients have been advised to pay close attention to the …
Read More
-
The ATO will be contacting over one million taxpayers either directly or through their tax …
Read More
-
The ATO has released several case studies of adventurous and misguided expenses claims from taxpayers, …
Read More
-
What are the hardest aspects of running your self-managed super fund (SMSF)?
Read More
-
It's that time of the year again! Use the following Checklists to speed …
Read More
-
The GST Act is being amended to ensure that digital currency, such as …
Read More
-
Almost $2.4 million worth of scams was reported to the Tax Office in …
Read More
-
Audit activities around cryptocurrency are set to spike this tax time as part of the ATO’s …
Read More
-
Read More
-
The government has started its consultation process on plans to introduce an economy-wide …
Read More
-
Kelly O'Dwyer
BUT foreshadowing tougher penalties once the Single Touch Payroll regime kicks in …
Read More
-
Extensive STP resources can be found in a related article in last month's edition below.
Read More
-
Read More
-
Read More
-
The Australian economy in …
Read More
-
If your business employs working holidaymakers – or you’ve been one yourself this …
Read More
-
Comprehensive tax reform continues to dominate wish lists for the upcoming federal budget, …
Read More
-
SMSF trustees are often unaware that if they move overseas for an extended …
Read More
-
Armed with this information you'll be a conversation magnet at any party.
Read More
-
The tax office has issued a reminder to tax professionals about some simple, …
Read More
-
Three ingredients to attaining your retirement goals: give yourself enough time, utilise professional …
Read More
-
New rules ensure that companies with more than 80% passive income will not qualify for …
Read More
-
Sizeable cryptocurrency transactions will “come to the attention of the ATO” under new …
Read More
-
STR is a significant change for business tax compliance, though for now those …
Read More
-
Labor's plans for excess dividend imputation credits will favour the rich despite claims it is …
Read More
-
The ATO has released a new piece of guidance which outlines its concerns and compliance …
Read More
-
Housing affordability is tempting some adult children into elder abuse territory, as they …
Read More
-
The ATO has provided further details on some of the regulatory considerations with …
Read More
-
As usual some ridiculous claims ruin it for genuine investors.
Read More
-
Single touch payroll will be a compulsory reporting requirement for employers.
Read More
-
An up-to-date snapshot of Australia's vital statistics.
…
Read More
-
While many accountants have reported their clients’ confidence in super is down, it …
Read More
-
The increasing cost of underreporting and failing to lodge.
Read More
-
The year 2017 was defined by a near-perfect goldilocks backdrop of steady global growth, modest …
Read More
-
To claim for transport or other employee travel expenses (like accommodation and meals) …
Read More
-
Thousands of anonymous reports to the workplace regulator have shown problematic payroll practices …
Read More
-
Where a taxpayer has amounts remaining in superannuation when they die, their death …
Read More
-
The tax office has further detailed what type of work-related expenses will be …
Read More
-
A benefit from downsizing to a smaller home.
Read More
-
As part of the government’s broader crackdown on the cash economy, the tax …
Read More
-
In other words, an embarrassing deficiency in legislation has been corrected.
Read More
-
While dry and not that exciting, stats on how Australia is going in …
Read More
-
With the surge in the bitcoin price (and many other cryptocurrencies) attracting greater numbers of SMSF investors, what …
Read More
-
Asset write-offs reminder for small business.
…
Read More
-
While cryptocurrencies may not be considered financial products, authorised representatives and licensees are reminded related advice is …
Read More
-
NAB’s business confidence index jumped four points in December as business confidence and …
Read More
-
On-time lodgement slipped slightly for small businesses last financial year while debts owing spiked, prompting …
Read More
-
Statutory wills are being neglected in situations where a family member has lost …
Read More
-
A survey from the Institute of Public Accountants has found that more than …
Read More
-
An unfavourable opinion from the Australian Taxation Office sets out the tax deductibility of expenditure …
Read More
-
A surprising number of older SMSF deeds pre-dating the 2008 financial year still remain, some …
Read More
-
A truly fascinating set of numbers about our great country. Almost 150 different …
Read More
-
Treasury has released a research paper detailing the implications of the US corporate …
Read More
-
On behalf of all our staff we wish our clients a Merry Christmas, …
Read More
-
Your Financial Planner supplies you with more tools and resources than most others …
Read More
-
Another case confirms that taxpayers making large superannuation contributions need to be diligent.
Read More
-
The bills for the First Home Super Saver Scheme and the downsizing measures …
Read More
-
A reminder that directors can very easily become responsible for unpaid taxation liabilities.
Read More
-
An example of the need to keep good records for everything you do. …
Read More
-
In a small win, the taxation of renounceable rights offers (in some cases) …
Read More
-
The status of tens of thousands of SMSFs currently hangs in the balance, with the …
Read More
-
The average amount claimed through the instant asset write-off more than doubled in …
Read More
-
Not the sort of topic one might normally come across but keeping an …
Read More
-
The ATO has revealed its latest figures on lost and unclaimed superannuation accounts, …
Read More
-
Whilst there has been little publicity in the weeks after the May Federal …
Read More
-
The Australian Dietary Guidelines give advice on eating for health and wellbeing. They’re …
Read More
-
One big four accounting firm says the ATO has started to zoom in …
Read More
-
One firm believes the ATO is distributing more letters than ever to taxpayers …
Read More
-
It was George Bernard Shaw who coined the phrase 'youth is wasted on …
Read More
-
We are seeing an evolution of income earning opportunities and waiting for regulators …
Read More
-
Legislation for a number of housing affordability tax measures announced in the federal …
Read More
-
How realistic are your goals? Tools on this site will help you monitor …
Read More
-
Data sharing between tax regulators in different countries is rapidly increasing with the …
Read More
-
What are the hardest aspects of running your self-managed super fund (SMSF)? There …
Read More
-
In a recent decision, the Federal Court has held that the UberX service supplied by Uber’s …
Read More
-
A large proportion of Australians have unrealistic retirement goals. (NB: There are financial …
Read More
-
In a recent case, the Full Federal Court has found that several taxpayer …
Read More
-
The government has confirmed that the Single Touch Payroll will now roll over …
Read More
-
The ATO will be upping its superannuation guarantee (SG) casework by one-third, and …
Read More
-
The ATO second commissioner made a statement yesterday clarifying the ATO’s digital forensic …
Read More
-
Crowdfunding: Alternative funding option for small business.
…
Read More
-
The government has announced it will remove a loophole from legislation that allows …
Read More
-
This month's focus is on Australia's Labour Force and Demography.
Read More
-
A taxpayer has failed in claiming deductions for overtime meal expenses.
Read More
-
The Administrative Appeals Tribunal (AAT) has confirmed that a mechanical engineer with a …
Read More
-
Newly-released draft legislation, which firms up the 2017 budget move to limit investors’ …
Read More
-
With the winter season upon us, a number of property investors may be …
Read More
-
BE CAREFUL – As the ATO continues to ramp up its focus on scrutinising work-related …
Read More
-
WATCH OUT FOR THESE – The ATO has identified the most commonly reported …
Read More
-
WARNING: Identity theft is an increasingly popular method of cyber crime as opposed …
Read More
-
THINK ABOUT IT – Accountants and SMEs should be wary of entering “dodgy” end-of-year deals …
Read More
-
Finalising a tax return for a superannuation fund requires a range of information and …
Read More
-
Organising all the information needed to complete a tax return as efficiently as possible …
Read More
-
It's that time of the year again and a great way to make the …
Read More
-
The Australian Taxation Office has issued an opinion regarding “parts” of an asset …
Read More
-
The ATO is scrutinising organisations’ taxable fringe benefits, with a specific focus on customer loyalty …
Read More
-
New statistics from the Australian Financial Security Authority (AFSA) have revealed that business-related …
Read More
-
Recent figures by the Association of Superannuation Funds of Australia reveal that the …
Read More
-
The following information covers Australia's recent population trends and movements.
Read More
-
The Government will extend the current instant asset write-off ($20,000 threshold) for small …
Read More
-
With 30 June 2017 now looming, the SMSF Association has urged trustees looking to make …
Read More
-
For those who like to 'get under the bonnet'
Read More
-
Comprehensive Budget overview : 27 sections covering every aspect of this …
Read More
-
The following links give you access to the specific issues and topics addressed …
Read More
-
On 5 May 2016, the Tax Laws Amendment (Tax Incentives for Innovation) Act …
Read More
-
On 1 July 2017, the biggest changes to the super rules in a …
Read More
-
Following calls for the ATO to overhaul its approach to the issue of …
Read More
-
While recent figures show a year on year increase in average floor size …
Read More
-
The following link is a handy ABS tool if you want to see …
Read More
-
With many SMSF trustees requiring changes to their trust deed following the reforms to super, …
Read More
-
The ATO has released a finalised version of LCG 2017/D1 which outlines how the defined …
Read More
-
Small businesses eligible currently fort the $20,000 immediate write off need to remember …
Read More
-
Draft Taxation Ruling TR 2017/D1 sets out the Commissioner of Taxation’s views on …
Read More
-
Declining outright home ownership will effectively wipe out superannuation savings of some Australians, …
Read More
-
Yesterday, the government passed the Diverted Profits Tax through the Senate, however one …
Read More
-
An individual has been unsuccessful before the Administrative Appeals Tribunal claiming work-related travel …
Read More
-
As part of its raft of slated changes, the government has foreshadowed a …
Read More
-
The Inspector-General of Taxation has revealed the scope of his review into the …
Read More
-
The Administrative Appeals Tribunal (AAT) has recently refused the applications of two individuals …
Read More
-
One national accounting network has accepted the need for additional downtime in the …
Read More
-
The ATO is showing no signs of easing up on its crackdown on …
Read More
-
Anybody who has a FBT obligation should take an odometer reading of motor …
Read More
-
Now and then the ATO issues warnings on how its general anti-avoidance legislation …
Read More
-
The Australian Taxation Office (ATO) continues to increase their surveillance activity and utilize …
Read More
-
It was about 1990 when the ATO was asked about the tax deductibility …
Read More
-
The ATO is continuing to crack down on the incorrect use of the …
Read More
-
The small business capital gains tax concessions are extremely valuable, and for small …
Read More
-
Legislation has been introduced in Parliament that proposes to allow primary producers to …
Read More
-
Will a borrowing arrangement by a SMSF pass the smell test?
Read More
-
Two mid-tier partners have said that the changes to GST introduced to Parliament …
Read More
-
Obligations and responsibilities of an executor are significant. Their decisions can be monumental.
Read More
-
Including a car in a salary package is a popular remuneration arrangement, and …
Read More
-
The Turnbull government has launched an invitation for public comment to the Black Economy Taskforce ahead of …
Read More
-
All is not lost if you have a judgement against a debtor, but you know …
Read More
-
Accountants with SME clients should be urging them to recall the new deadlines …
Read More
-
The ATO is urging accountants to inform clients that it is ramping up …
Read More
-
Home office expense claims are subject to the same general substantiation requirements as …
Read More
-
Several tax specialists and national mid-tiers have found clients are struggling to understand …
Read More
-
Late client payments are having an increasingly significant impact on the personal finances …
Read More
-
New research from Macquarie, surveying hundreds of small to mid-tier accounting firms, has …
Read More
-
To all our clients and friends, we wish you a Merry Christmas, a …
Read More
-
The ATO is poised to home in on fringe benefits tax (FBT) on …
Read More
-
The Christmas break-up party and/or gifts to employees can be exempt from Fringe …
Read More
-
Some employers, who are commendably anxious to protect their employees and clients from …
Read More
-
The government has announced it will make moves to ensure that multinationals pay …
Read More
-
We all know that the ATO is the guardian of the tax laws, …
Read More
-
You might be sick of the daily commute, or want more flexibility of …
Read More
-
The ATO has warned businesses in the cash economy are a major focus …
Read More
-
One national accountancy network has reminded professionals the ATO is obtaining more than …
Read More
-
A warning from the ACNC about not doing the paper work.
Read More
-
Failing to maintain a valid car log book can cost taxpayers dearly in …
Read More
-
Almost every Australian will be aware of the problems trying to complete the …
Read More
-
Confusion this financial year regarding imminent compliance dates, including for SuperStream, is putting SME …
Read More
-
Assets that belong to your business but that are being used for your …
Read More
-
As a generalisation and without wanting to venture into legal areas, a domestic partnership is …
Read More
-
It's important to be across the new “non-final withholding tax regime” came into …
Read More
-
Changes to salary sacrificed “meal entertainment” benefits
…
Read More
-
There has been a lot of media coverage regarding the superannuation law changes …
Read More
-
It seems that banks are being drawn in into financial disputes with couples. …
Read More
-
NALI – Non-arm's length income
Non-arm’s length income has received a lot of attention …
Read More
-
Don’t be alarmed and don’t respond – just hang up!
Read More
-
With over eight million Australians claiming work-related expenses each year, …..
….. Assistant Commissioner …
Read More
-
In our role as a domain hosting company we see much of the …
Read More
-
The federal government has announced it does not agree with the Financial System …
Read More
-
One national accounting network has tipped that SMSF property investment will be a big-ticket item …
Read More
-
Prime Minister Malcolm Turnbull has attempted to dispel talks that the government is looking to …
Read More
-
As pressure grows for the Federal Government to scrap the superannuation tax concessions, …
Read More
-
Many will be surprised (possibly unpleasantly) by the formula prescribed in various states …
Read More
-
Ideally, we would enter retirement with our home mortgages paid off and completely …
Read More
-
The Association of Superannuation Funds of Australia (ASFA) retirement standard for the December …
Read More
-
Home videos of animals or babies often seem to go viral on the …
Read More
-
The ATO has stressed the importance of clearly distinguishing SMSF assets, with some funds losing …
Read More
-
The ATO interpretative decisions and tax determinations on this issue refer to contributions …
Read More
-
A snapshot of the key points for January 2016
Read More
-
SMSF investors and their professional advisers could be missing out on significant tax …
Read More
-
A few extra matters to consider when preparing employee payment summaries
Have any allowances …
Read More
-
A checklist of a few items to examine further, before year-end.
The usual year-end …
Read More
-
A checklist of a few items to examine further, before year-end.
Are there some …
Read More
-
A very brief and simplistic checklist for trustees to undertake well before 30 …
Read More
-
Even the young these days should to be increasingly aware of their financial …
Read More
-
Acquiring assets from related parties can be a minefield, but some SMSF practitioners …
Read More
-
The Fair Work Commission (FWC) has ruled than an employee’s overtime payments can be …
Read More
-
The Australian Competition and Consumer Commission (ACCC) has issued a warning to accountants to …
Read More
-
Keeping small businesses out of messy, costly and protracted disputes is the aim …
Read More
-
Land tax is an annual tax based on the total value of land …
Read More
-
Mid-size businesses stand to lose research and development (R&D) incentives and miss out …
Read More
-
One industry lawyer has revealed the ATO will be homing in on one …
Read More
-
Superannuation is an extremely effective investment vehicle for most people, but is not …
Read More
-
Recent ATO rulings and interpretations emphasise the need to understand the rules about …
Read More
-
Although hopefully a very uncommon occurrence, there will be questions for the pay …
Read More
-
The Institute of Public Accountants (IPA) has recommended a zero per cent tax …
Read More
-
The following hyperlinks represent only a small selection of professional opinion about the …
Read More
-
Last night the Australian Federal Treasurer, Joe Hockey, delivered the Budget for 2015-2016. …
Read More
-
Limited recourse borrowing arrangements (LRBA) used to acquire assets within superannuation will be …
Read More
-
The tax office has warned members of self-managed super funds against claiming franking …
Read More
-
However, working on a Budget may not be your cup of tea but …
Read More
-
What should employers report on an employee’s statement of earnings (which most people …
Read More
-
The Institute of Public Accountants (IPA) says it broadly supports the proposed small …
Read More
-
Subsection 262A (4AJA) of the 1936 Income Tax Assessment Act requires the previous …
Read More
