by admin | Jul 24, 2018 | News
Division 7A Amendments In the 2017 Budget, the Government announced it would make targeted amendments to improve the operation and administration of Division 7A of the Income Tax Assessment Act 1936 (Division 7A). The amendments were to apply from 1 July 2018, but...
by admin | Jun 28, 2018 | News
ATO Hit List The ATO 2018 hit list focuses on small businesses and individuals. Undeclared income, wrongly-claimed expenses and unpaid superannuation are key features of the 2018 hit list. The ATO has further detailed what type of work-related expenses will be in...
by admin | Jun 21, 2018 | News
The Government in late May, announced a once-off, 12-month Superannuation Guarantee (SG) Amnesty for employers who have paid insufficient SG for their employees in the past and have not yet caught up. Subject to the passage of legislation, the Amnesty will be...
by admin | Jun 18, 2018 | News
Self-managed super funds (SMSFs) have new reporting obligations. This is due to the new transfer balance cap measure and event-based reporting framework. The transfer balance account report (TBAR) that is used to report certain events is a separate form from the SMSF...
by admin | May 9, 2018 | News
The Treasurer, Scott Morrison, handed down the Federal Budget 2018-19 last night. We have outlined below the key budget items that may impact you: Personal Income tax changes The Government will introduce a 7 year, 3 step personal income tax plan as follows: Step 1...
by admin | Apr 11, 2018 | News
The Labour Hire Licensing Act 2017 (the ACT) will commence on 16 April 2018 to protect labour hire workers and safeguard labour hire providers that are ethical and responsible. Key features of the Act include: labour hire providers to be licensed to operate in...
