Tax on compensation received for inappropriate advice
On the heels of the banking and financial services Royal Commission, the ATO has published [...]
Residential rental property travel expenses: ATO guidance
Since 1 July 2017, people, self managed super funds (SMSFs), “private” trusts and partnerships have [...]
Corporate tax rates and small business tax offset changes
The Bill to accelerate the reduced tax rates for base rate entities has passed through [...]
Bringing forward small business tax cuts by five years
The Prime Minister has announced that the Government will bring forward its planned tax cuts [...]
Super work test exemption for recent retirees
The Government has released draft legislation and regulations to provide a one-year exemption from the [...]
Black economy: electronic sales suppression tools now banned
Activities involving electronic sales suppression tools (ESSTs) and that relate to people or businesses with [...]
ATO expects 200,000 to miss out on refunds by failing to lodge
The ATO expects that 200,000 people could miss out on a tax refund this year [...]
Australian Small Business White Paper: tax reform a key
After more than 18 months of extensive research and consultation, the Institute of Public Accountants [...]
Transfer balance cap: ATO highlights admin issues
On 30 August 2018, ATO Assistant Commissioner Superannuation Tara McLachlan gave a speech on “Administration [...]
The ATO as SMSF regulator: observations
In the opening address to the Chartered Accountants Australia and New Zealand National SMSF Conference [...]