Deadline Looming For SMSF Collectables Compliance
The ATO has reminded trustees of self managed super funds (SMSFs) that if they have [...]
GST Credits Not Available For Payments On Behalf Of Super Funds
The ATO has issued GST Determination GSTD 2016/1, which provides the Commissioner’s view on whether [...]
“Wildly Excessive” Tax Deduction Claims Refused
A professional sales commission agent has been largely unsuccessful before the Administrative Appeals Tribunal (AAT) [...]
Small Business Tax Concession Refused As Threshold Test Failed
The small business capital gains tax (CGT) concessions contained in the tax law allow eligible [...]
Travellers With Student Debts Need To Update Contact Details
Australians with a Higher Education Loan Programme (HELP) debt and/or a Trade Support Loans (TSL) [...]
Withholding Tax For Car Allowances
Car expense deductions for individuals were simplified from 1 July 2015. Employers who pay their [...]
Trusts’ ABNs To Be Cancelled If No Longer Carrying On Business
The ATO has advised that the Registrar of the Australian Business Register (ABR) will begin [...]
Tax Relief For Small Businesses That Restructure On The Way
Small businesses are important to the Australian economy, as they facilitate growth and innovation. However, [...]
Are Your Super Saving Goals On Track?
The new calendar year is a good time to conduct a superannuation health check and [...]
Tax Treatment Of Earnout Rights On Business Sale
A Bill has been introduced in Parliament that proposes to amend the tax law to [...]