The Tax Office has revealed a number of changes to its SMSF annual return (SAR) form for 2020 as well as warned trustees of the impending de
Former treasurer Peter Costello says the idea of simplification has currently gone out of the tax debate, especially compared to when he pus
BAS agents assisting clients with the superannuation guarantee amnesty will not face any compliance action from the Tax Practitioners Board
An SMSF software firm has launched a new brand identity, saying its recent acquisition is a demonstration of a new direction.
The prospect of reforms to excess franking credit refunds will be “high” in the next decade despite it not going to happen under the cur
The Australian Taxation Office will be releasing new figures estimating the tax gap for the high-wealth market, making Australia the first j
A major Tax Office update is set to roll out over the weekend that will contain a number of key myGovID changes, including verifying name ch
Attempting to work out the tax on net capital gains in an SMSF through the effective 10 per cent tax rate where the asset has been held for
Strategies based around an SMSF’s total super balance should keep in mind the 30 June deadline when it comes to checking the eligibility o
Employers will have until 7 September to disclose any superannuation guarantee shortfalls before increased penalties apply.
SMSF administrator Heffron has appointed an industry body executive as its director of strategy and growth.
A law firm has highlighted a recent court case that has put into focus the uncertainty of whether amounts received from an isolated transact
Two lawyers from a Queensland law firm have received accreditation from a major industry association to practise as specialist advisers.
New draft legislation put forward by the government to change work test laws enabling Australians over the age of 65 to make further volunta
The corporate regulator has handed a Perth director a permanent ban from financial services for operating an illegal early access to superan
Trustees who are not across the wide-ranging implications of recent law changes to non-arm’s length income and expenses will face a big ta
The capital gains tax cap amount for non-concessional contributions will likely increase to $1.565 million for 2020–21, up from $1.515 mil
Figures from the ATO show that female SMSF investors are slowly bridging the savings gap between men and women.
Warning letters from the ATO highlighting cryptocurrency tax discrepancies have now hit Australian mailboxes as the Tax Office acts on the
All Australians should have the option to choose their own super fund, as removing choice violates a “key principle that individuals shoul
As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Fintech Business.
Get the latest news and opinions delivered to your inbox each morning