by Manoj | Feb 3, 2020 | Articles
(24/01/2020) With the transition to Single Touch Payroll almost complete for all employers within Australia, the ATO now has considerably more information to identify superannuation guarantee non-compliance in real time. Employers that do not make sufficient quarterly...
by Manoj | Jan 28, 2020 | Articles
(17/01/2020) The ATO has recently withdrawn Draft Miscellaneous Taxation Ruling MT 2018/D1 on the time limit for claiming input tax credits and fuel tax credits. Generally, under s 93-5 of the GST Act, the right to claim an input tax credit expires after 4 years and...
by Manoj | Jan 24, 2020 | Articles
(05/12/2019) To be eligible for superannuation fund tax concessions, SMSFs are required to be maintained for the sole purpose of providing retirement benefits to members, it is what is known as a sole purpose test (s 62 of the SIS Act). Failing the test could expose...
by Manoj | Jan 21, 2020 | Articles
(17/01/2020) As the bushfires that devastated large swathes of the country continue on their destructive path leaving shatter communities in their wake, there are glimmers of hope with efforts to support and rebuild these communities starting to gather pace. In...
by Manoj | Jan 13, 2020 | Articles
(13/12/2019) It’s coming up to the end of another year, among all the chaotic festivities, our thoughts may turn to goals and resolutions achieved during the year. Career successes, reaching fitness goals and life milestones are all causes for celebration. While most...
by Manoj | Jan 6, 2020 | Articles
(13/12/2019) While the Banking and Financial Services Royal Commission seems long ago in the minds of many, the people that have been financially affected by dubious practitioners will no doubt carry the scar of mistrust for life. This then, is precisely why the...
by Manoj | Dec 18, 2019 | Articles
(05/12/2019) To be eligible for superannuation fund tax concessions, SMSFs are required to be maintained for the sole purpose of providing retirement benefits to members, it is what is known as a sole purpose test (s 62 of the SIS Act). Failing the test could expose...
by Manoj | Dec 16, 2019 | Articles
(06/12/2019) The Tax Avoidance Taskforce has recently been expanded by the ATO to private groups and high wealth individuals. Originally conceived in 2016 to ensure that multinational enterprises, large public and private business pay the right amount of tax, this has...
by Manoj | Dec 16, 2019 | Articles
(22/11/2019) The ATO now has another “stick” in its arsenal to get businesses to engage with it and manage outstanding tax debts. Laws have recently been passed that allow the Tax Office to disclose tax debt information of businesses to registered credit...
by Manoj | Dec 15, 2019 | Articles
(22/11/2019) In a decision that was hailed by various media outlets as monumental, the Federal Court’s decision that a backpacker would not have to pay extra “backpacker tax”, was touted to have wide ranging application to all holiday makers....
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