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 [...]
Cyptocurrency and tax: updated guidelines
The ATO says that for taxpayers carrying on businesses that involve transacting with cryptocurrency, the [...]
12-month extension of $20,000 instant asset write-off
The Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2018 has now passed [...]
Parliamentary committee recommends standard tax deduction, “push return” system
The House of Representatives Standing Committee on Tax and Revenue has tabled its 242-page report [...]
ATO data analytics and prefilling help tax return processing
The ATO reports that a record number of tax returns have been finalised in the [...]
SMSF issues update: ATO speech
ATO Assistant Commissioners, Superannuation, Tara McLachlan and Dana Fleming recently spoke at the SMSF Association [...]
Banking Royal Commission: possible super contraventions
On 24 August 2018, the Royal Commission into banking, superannuation and financial services misconduct released [...]
Illegal phoenix activity: public examinations in Federal Court matter
The ATO has announced that public examinations started in a Federal Court matter on 27 [...]
Claiming work-related expenses: ATO guides and toolkits
This year, the ATO has launched its biggest ever education campaign to help taxpayers get [...]