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 [...]
GST: supplies of real property connected with Australia
GST Ruling GSTR 2018/1, issued on 22 August 2018, sets out the ATO’s view on [...]
Delay in extending reportable payments to courier and cleaning services
The legislative logjam in Federal Parliament is affecting the implementation of a wide range of [...]