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 […]
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 […]
The ATO has announced that it will be conducting a new data-matching program with information from the Department of Home Affairs on passenger movements during the 2016-17 to 2022-23 income […]
As many of the government’s COVID-19 economic supports coming away, economists predict there’ll be many business failures to follow. If your business is unable to obtain payment from a debtor, […]
Contractors beware, with the ATO having now received the taxable payments annual report from more than 158,000 businesses for the 2019-20 income year, it is now data-matching this information with […]
While we’re dutifully putting money into our super in the hopes of making our retirement more comfortable, many of us have not considered the possibility that we may not be […]
As the JobKeeper program comes to a close, businesses should be aware that the ATO will continue to maintain the integrity of the scheme through compliance activities. While a majority […]
The ATO has recently updated its ruling on Personal Services Income (PSI) to incorporate a myriad of significant court and AAT decisions that have occurred since the original rulings were […]
It is estimated that around 70% of Australians with life insurance hold it through their super fund. Having insurance through your super fund is tax effective and has various advantages […]
