ATO advises of changes to S100A of Tax Act and how they can affect trust distributions

Points of Relevance from 2022 Australian Budget affecting individuals and businesses

In an effort to combat the economic effects of coronavirus the Australian Government has release a stimulus package to support Australians

Federal Governments reforms on illegal phoenix activity are now law. One significant measure is the extension of the Director Penalty Notice

The ATO have announced that they will be extending their tax avoidance investigations into ‘lifestyle assets’ with a data-matching program

SMSFs that are heavily invested in one asset class will soon receive a “please explain” from the ATO to justify their diversification risk

Many Australians believe they would never fall victim to a scam however scammers are becoming more sophisticated in their attempts

As part of latest superannuation reforms, from 1 July 2018 individuals are able to make 'carry-forward' concessional super contributions...

The government has extended the temporary arrangement of the instant asset write off for a further year until 30 June 2020.

The ATO has warned taxpayers to be alert to scammers who are using increasingly sophisticated methods and technology to impersonate the ATO

a government taskforce on the black economy reported concerns that some Australian businesses are not recording workers payments correctly

ATO warns of potential FBT implications of providing office Christmas parties and gifts to employees

Beware of work-related clothing & laundry expense claims this tax time, the ATO is cracking down on individuals with unsubstantiated claims

The use of cash by businesses is attracting attention from the ATO. Visits to selected businesses to ensure that obligations are being met