Thinking about setting up an SMSF?
SMSFs can be a great option for building retirement savings, but they may not be [...]
Claiming work trips for business owners
As a business owner, do you sometimes take work trips? When a trip is clearly [...]
Salary sacrificing loopholes: are you receiving your full benefits?
Most workers understand that their employer must make compulsory super guarantee (SG) contributions of 9.5% [...]
ATO announces “Better as Usual” program to improve your experience
ATO Commissioner Chris Jordan has announced the launch of “Better as Usual”, a new ATO [...]
ATO sets its sights on undisclosed foreign income
Do you have any amounts of offshore income you haven’t declared to the ATO – [...]
Small business income tax gap: ATO update
New figures released by the ATO estimate that almost 90% of income tax from small [...]
Personal services income rules: unrelated clients test
The Federal Court has set aside an Administrative Appeal Tribunal decision that income a business [...]
Compassionate release of super only available in limited cases
The ATO has recently seen a significant increase in queries about compassionate release of super [...]
ATO superannuation focus areas
Lost super As at July 2019, the ATO held 5.39 million super accounts worth $3.98 [...]
Disclosing business tax debt information: ATO consultation
In its Mid-Year Economic and Fiscal Outlook in 2016–2017, the government announced it would change [...]