Tax Return Lodgement Due Soon
With the 31 October fast approaching, so is the deadline for lodging your tax returns. If you're making the last-minute scramble to gather all your tax documentation, keep in mind there are some changes in this year's tax return particularly…
Director changes tabled, $1m fines for non-compliance
Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2018 sets out the legal framework for the introduction of DINs – a unique identifier that will provide traceability of a director’s relationships across companies,…
Explanatory Memorandum October 2018
Claiming work-related expenses: ATO guides and toolkits
This year, the ATO has launched its biggest ever education campaign to help taxpayers get their tax returns right. The ATO says the campaign, which is running throughout tax time, includes…
Client Alert - October 2018
Claiming work-related expenses: ATO guides and toolkits
This year, the ATO has launched its biggest ever education campaign to help taxpayers get their tax returns right. The ATO says the campaign, which is running throughout tax time, includes…
Taxable SMSF Assets Double: Is Your Fund Affected?
It's been a little over a year since the dual changes of the pension transfer balance cap and the reduction of tax concessions for transition to retirement pensions were implemented by the government. Recent research has indicated that these…
ATO holds millions in unclaimed refunds after 200k skipped lodgement
With the deadline of 31 October for self-preparers edging closer, the ATO is looking to drive lodgement compliance, with about 7 million completed returns lodged so far this tax time.
Broken down, about 4.3 million taxpayers have lodged via…
Are You An Australian Resident?
In this global interconnected world, many Australians will no doubt leave Australia to work in many different countries in a vast array of professions. However, just because you leave Australia for a period time, that doesn't mean that your…
Garnishee Orders May Bring Home The Bacon
Issuing a garnishee order is a cheap and easy way to claw back some of your debt, but there are a few matters to consider first.
Bypass your debtor and go straight to the source of their funds
Once the court has given you a judgment against…
Age Pension Eligibility Rule
The Government has announced that the Age Pension eligibility age will not go up to 70, as planned. But it is still going up, as is the superannuation preservation age.
The move to take the Age Pension eligibility age up to 67 was legislated…
Meaning Of Independent: Financial Advisers
With all the media coverage around the negative behaviour of many large financial advisory firms and their affiliates, you may be forgiven for wanting to deal with a smaller, perhaps more independent financial adviser in the future, but what…