Federal Labor has been urged to come clean on its plan to introduce a $3,000 deduction cap for managing tax affairs, a week after it dumped
The recent ruling on non-arm’s length income (NALI) in super funds by the ATO will have far-reaching consequences for the superannuation s
The ATO has released its final ruling confirming the application on non-arm’s length income in the expenditure incurred under a non-arm’
An SMSF auditor has been banned for at least 18 months after failing to comply with numerous personal tax obligations, including racking up
The major accounting bodies have called for changes to the government’s proposed ECPI measures, with major amendments needed across choice
With a low rate and an appropriate threshold, the reintroduction of a proportionate inheritance tax could go a way in ensuring the bias agai
The new changes in the transfer balance cap from 1 July will have an impact on segregation for pension assets, which can lead to different s
With the new financial year seeing increases to contributions caps, the changes will affect different opportunities in the TTR strategy for
The ATO will now have information on an individual’s new $65,000 car or their $100,000 boat as it looks to flush out tax dodgers who aren
While the newly proposed ECPI measures seek to provide more choice for trustees, there are fears they will lead to additional complexity an
The ATO has issued an alert for some SMSFs that may be missing or have not reported their unique bank account details which will affect the
Over 600,000 Australians who have invested in cryptocurrency will now be unable to hide from their tax obligations as the ATO extends its da
With pandemic conditions bringing about increased use of employee share schemes, SMSFs will need to take greater care in navigating across i
With the introduction of the relocation of tax adviser registrations from TPB to ASIC, advisers risk being misaligned with coinciding educat
SMSFs seeking possible deductions for vacant land will need to take care in assessing the necessary requirements and clearly define its futu
The ATO will decommission its Business Portal in less than two months as it urges businesses to make the move to its new online service.
An accounting undergraduate who attempted to apply for registration as a BAS agent has been forced to wait until her degree’s conferral da
The ATO’s newly released March 2021 quarterly statistical report has revealed the total number of SMSFs will soon hit 600,000, with consis
The ATO has issued its final alerts for SMSFs with outstanding SARs, warning that failure to lodge may lead to serious consequences.
The ATO has flagged requirements on how to manage the responses of the SMSF tax file number identity check service to assist the new SuperSt
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