Determining what constitutes a fixed unit trust? Practical Compliance Guidelines PCG 2016/16
On 13 September 2017, the Australian Taxation Office released it’s finalised Practical Compliance Guideline (PCG [...]
Single Touch Payroll Operative For Early Adopters
Single Touch Payroll (STP) is here. It had a “soft” or voluntary start on 1 July 2017. [...]
SMSF Annual Return: Key Changes For 2016–2017
The ATO has released the 2017 self-managed superannuation fund (SMSF) annual return and instructions. Key [...]
Super Reforms: Changes To TRIS, CGT Relief, Pension Cap And LRBA Integrity Rules
The Treasury Laws Amendment (2017 Measures No 2) Act 2017 makes a range of technical [...]
Work-related Deductions Denied: Lack Of Documenting Evidence
A pipe fitter has been denied deductions by the Administrative Appeals Tribunal (AAT) for work-related [...]
ATO Update On Manage ABN Connections
The ATO says feedback from tax professionals on the Manage ABN Connections identified that further [...]
Instant Asset Write-off Extended For Small Business Entities
The Treasury Laws Amendment (Accelerated Depreciation For Small Business Entities) Act 2017 extends the period [...]
Tax Cut For Small Business: ATO Will Amend Returns
For the 2016–2017 income year, the company tax rate for small businesses decreases to 27.5%. [...]
Draft Legislation: Financial Complaints And Dispute Resolution
As part of the 2017–2018 Budget, the Government announced that it would create a new [...]
Car Expenses For Transporting Equipment Disallowed
A taxpayer working as a stevedore has been denied a deduction for car expenses incurred [...]