15 June, 2021

ATO Target Rental Property Owners

Rental property owners beware, the ATO has commenced 2 data-matching programs designed to obtain a myriad of information to ensure that various income tax reporting obligations have been met. Specifically, […]
11 June, 2021

Discretion To Retain Refunds Extended To Income Tax

As a part of a suite of measures introduced by the government to combat phoenixing activities, the ATO now has the power to retain an income tax refund where a […]
8 June, 2021

Can I Be Released From My Tax Debts?

As the economy adjusts to the removal of most government COVID support measures, coupled with the slow rollout of national vaccination and mostly closed international borders, there is no doubt […]
2 June, 2021

2021 FBT Return Due Soon

The 2021 FBT return for the period 1 April 2020 to 31 March 2021 is due soon. For those businesses that prepare their own returns, lodgment of the return can […]
31 May, 2021

Benefits Of Family Trusts

Many of you have heard of family trusts, but perhaps don’t know too much about their benefits and how they differ from the usual non-fixed trusts. Essentially, a family trust […]
26 May, 2021

Boosting Super: Low And Middle Income Earners

If you’re a low or middle-income earner, you can take advantage of the government super co-contribution scheme to boost your super. The scheme works like this, for eligible individuals, depending […]
24 May, 2021

Budget 2021: What’s In It For My Business?

The 2021 Federal Budget has been handed down with many sweeteners for businesses to help drive unemployment rates down and power the economic engine of Australia. It has been forecast […]
21 May, 2021

Budget 2021: What’s In It For Me?

As is tradition, the second Tuesday in May saw the Treasurer, Josh Frydenberg handed down the 2021-22 Federal Budget, his third. Overall, he noted that while the Australian economy has […]
5 May, 2021

Independent Resolution Process Now Permanent

Small businesses now have another pathway to resolve tax disputes with the ATO making its independent review service a permanent option for eligible small businesses (ie those with a turnover […]
3 May, 2021

SMSF Governance: Reminder Of Obligations

A recent case decided by the Administrative Appeals Tribunal contains important reminders for anyone who has a self-managed super fund. As background, a company carrying on an accountancy practice set […]