By: Steve Burnham
From 1 July 2018 the ATO says it will not apply penalties to tax returns and activity statements where your clients have made an inadvertent error by failing…
ATO Ramping Up Its “E-Audit” Option
The ATO has recently published information on its use of “e-Audit” technology, which it has begun to use as part of its tax compliance push. An e-Audit is carried…
Ready for STP Payroll? The Latest ATO Update
By John Shepherd
John Shepherd, Assistant Commissioner, Australian Taxation Office delves into some of the finer detail ahead of the 1 July move to Single Touch Payroll (STP), a change…
The Riskier Side of Allocating Profits Within Professional Firms
By Steve Burnham
Now and then the ATO issues guidances on how its general anti-avoidance legislation can apply to professional firms that allocate profits to individual professional practitioners with proprietorship…
The ATO’s “GST-light” Offer for New Small Businesses
By: Steve Burnhum
The ATO says that it has “listened to the concerns of small businesses, tax professionals, industry associations and software providers”, and is working towards reducing GST compliance…
Common Errors of New Rental Property Owners
By: Steve Burnham
Putting your money into bricks and mortar has been a traditional stalwart of investing for generations of Australians, and continues to be viewed as a solid place…
Substantiation for Mobile, Home Phone and Internet Costs
By: Steve Burnham
The ATO has issued guidance on making claims for mobile phone use as well as home phone and internet expenses. Substantiation for mobile, home phone and internet costs
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Still Paying Super by Cheque? Time to Get Digital
BY: GUEST AUTHOR
Are you still paying your employees’ super contributions manually via cheque, EFT or BPAY directly to funds? If so, it’s likely you aren’t compliant with the new, compulsory…
Tax Office Moves Against Smsf Housing Plan
By: Rod Myer
The Australian Taxation Office has fired a shot across the bows of plans by DomaCom, an investment company, to allow self-managed super fund (SMSF) investors to live in…
How Scammers Are Targeting Pre-retirees and Their SMSFs
By: Nicola Field
Self-managed super fund trustees and their advisors need to be alert to the latest round of wealth-stripping fraudulent schemes.
Fraudsters have Australia’s over-50s in their sights, and…
