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 […]
28 April, 2021

ATO Data-Matching: Residency

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 […]
26 April, 2021

Steps To Get A Deduction For Bad Debts

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, […]
23 April, 2021

ATO Targeting Contractors

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 […]
21 April, 2021

Superannuation Death Benefits

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 […]
16 April, 2021

JobKeeper: Compliance And Repayment

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 […]
1 April, 2021

Personal Services Income: A Refresher

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 […]
30 March, 2021

Life Insurance In Super: Costs On The Way Up?

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 […]
25 March, 2021

End of FBT Year Fast Approaching

With the end of March fast approaching, so too is the end of the FBT year which runs from 1 April 2020 to 31 March 2021. While FBT returns do […]