Tax Planning
With the end of the 2018 income tax year rapidly approaching, this issue draws attention [...]
ATO Assessments Issued For Excess Super Pension Balances
The ATO has started issuing excess transfer balance (ETB) tax assessments to self managed super [...]
Banking Royal Commission Wraps Up Evidence On Financial Advice
The Banking Royal Commission has wrapped up its two weeks of hearings focused on financial [...]
Financial Complaints Authority Takes Shape
Minister for Revenue and Financial Services Kelly O’Dwyer has announced the authorisation of the new [...]
Businesses, Get Ready: GST On Low Value Goods
From 1 July 2018, GST will be imposed on the supply low value goods from [...]
Government To Increase Civil Penalties For White-collar Crime
In response to recent Senate Economics References Committee and Australian Securities and Investments Commission (ASIC) [...]
Residential Rental Property Travel Expense Deduction Changes
Recent changes to Australian tax law mean that individuals, self managed superannuation funds (SMSFs) and [...]
CGT Main Residence Exemption To Disappear For Non-residents
A person’s Australian tax residency status may be about to assume a whole new meaning. [...]
Data Matching Finds Taxpayers With Unnamed Swiss Bank Accounts
More than 100 Australians have been identified as “high risk” and will be subject to [...]
ATO Closely Examines Work-related Car Expenses
The ATO is concerned about taxpayers making mistakes or deliberately lodging false claims for work-related [...]