We send regular tax and accounting newsletters to our clients. We believe this will alert them to important tax and accounting issues on an ongoing basis. We have included copies of our newsletters below.
Explanatory Memorandum – October 2019
Small business income tax gap: ATO update
New figures released…
September 27, 2019/by Juilee SatheClient Alert – October 2019
Small business income tax gap: ATO update
New figures released…
September 27, 2019/by Juilee SatheSG amnesty resurfaces in Parliament
The proposed SG amnesty is now back on the table after more than…
September 20, 2019/by Juilee SatheNon-compliant payments to workers: is your tax deduction at risk?
Recent changes to tax law give employers greater reason…
September 13, 2019/by Juilee SatheSuper “Opt Out” Choice For High Earners
Are you a medical professional or company director hired by…
September 10, 2019/by Juilee SatheExplanatory Memorandum – September 2019
Warning to watch out for myGov and ATO tax scams
The government’s…
September 6, 2019/by Juilee SatheClient Alert – September 2019
Warning to watch out for myGov and ATO tax scams
The government’s…
September 6, 2019/by Juilee SatheATO provides voluntary disclosure update
The ATO has encouraged SMSFs and their auditors to voluntarily…
September 3, 2019/by Juilee SatheCapital Gains Tax And Death: It’s Not The End Of The World
There is enough pain and anguish when someone dies, so fortunately…
August 23, 2019/by Juilee SatheExplanatory Memorandum – August 2019
ATO will inform certain tax agent clients their information is…
August 16, 2019/by Juilee SatheClient Alert – August 2019
ATO will inform certain tax agent clients their information is…
August 16, 2019/by Juilee SatheTax Time 2019: Your Payment Summary Is Changing
If you're an employee, there are a few things you need to know…
August 9, 2019/by Juilee SatheWhy didn’t my SMSF auditor check that?
SMSF auditors are the last link in a long superannuation chain…
August 6, 2019/by Juilee SatheCorporate Tax Rates: Recent Changes Give Certainty
There are two categories of companies when it comes to the corporate…
July 30, 2019/by Juilee SatheStill Unsure About The Instant Asset Write-Off?
If you're thinking about purchasing some new equipment for your…
July 26, 2019/by Juilee SatheThe Australian Tax Office hotspots 2019 — do they apply to you?
Every tax time, the ATO focuses on certain hotspots where taxpayers…
July 9, 2019/by Juilee SatheThe Government has delivered tax cuts. So how much will you get?
The Government's income tax cuts have been passed by the Senate.
It…
July 5, 2019/by Juilee SatheTax Tips for Small Business
PRE-1 JULY 2019 TO-DO LIST
Make trust resolutions
Document…
July 2, 2019/by Juilee SatheTAX TIPS FOR INVESTORS
RENTAL PROPERTIES
The ATO has received a large boost in funding…
June 28, 2019/by Juilee SatheTax Tips For Employees
CLAIM WORK-RELATED DEDUCTIONS
Claiming all work-related deduction…
June 25, 2019/by Juilee SatheClients warned on possible car review
Vehicle-related expenses and even the make and model of the car…
June 21, 2019/by Juilee SatheUS tax net expansion to hit Aussie clients
In all the hoopla over the US corporate tax cuts, introduced…
June 18, 2019/by Juilee SatheHow Much Tax Is Taken Out Of My Super Withdrawals?
If you're aged 60 or over, you usually won't pay any tax on super…
June 14, 2019/by Juilee SatheATO fires warning ahead of tax time
The ATO has released a wide range of case studies of taxpayers…
June 11, 2019/by Juilee SatheCGT Strategy highlighted with work test exemption
In December last year, the government finalised the regulations…
June 4, 2019/by Juilee SatheGetting Your Small Business Ready For STP Reporting
From 1 July 2019, Single Touch Payroll (STP) reporting will…
May 31, 2019/by Juilee SatheWhat Does “Retirement” Mean For Super Access Purposes?
Recently, AMP reported that its superannuation support team…
May 28, 2019/by Juilee SatheATO tweaks ABN application process
The tax office has amended its Australian business number application…
May 24, 2019/by Juilee SatheSMSF Benchmark Report – Class
Class provides detailed analysis of newly established SMSFs,…
May 20, 2019/by Juilee SatheSingle Touch Payroll – Do it Once, do it Right
IN BRIEF
The new Australian Single Touch payroll system…
May 14, 2019/by Juilee SatheSolicitors Trust Account Audit March 2019
For any Law Practitioner, the Law Society requires an audit of…
May 7, 2019/by Juilee SatheATO Benchmarks A Handy Business Check-up
The ATO has released its latest benchmark data to help businesses…
May 3, 2019/by Juilee SatheCompulsory Super: How Can You Speed Up Your Retirement Savings?
"Superannuation guarantee" (SG) contributions are the minimum…
April 30, 2019/by Juilee SatheThree Common CGT Obstacles For Homeowners
In straightforward cases, a property owned by individuals and…
April 18, 2019/by Juilee SatheIncreased Super Thresholds For 2019-20
While the concessional and non-concessional contributions caps…
April 16, 2019/by Juilee SatheExplanatory Memorandum April 2019
Things to get right this FBT season
Fringe benefits tax (FBT)…
April 4, 2019/by Juilee SatheBUDGET – SPECIAL EDITION
PERSONAL TAXATION
Personal tax cuts: low–mid tax offset increase…
April 4, 2019/by Juilee SatheClient Alert – April 2019
Things to get right this FBT season
Fringe benefits tax (FBT)…
April 4, 2019/by Juilee SatheHow Does Listing My Home On Airbnb Affect My Tax?
Millions of Australians are now using the sharing economy to…
April 2, 2019/by Juilee SatheTax residency rules reassessed in recent Full Federal Court decision
The recent Full Federal Court decision of Harding v Commissioner…
March 29, 2019/by Juilee SatheGreater Flexibility For Accessing Company Losses
The ability to carry forward tax losses is important for business…
March 22, 2019/by Juilee SatheGet your Rental Property claims right
Claims for rental property tax deductions contain errors in 90…
March 19, 2019/by Juilee SatheNew PAYG laws to place focus on on-time BAS lodgment
Late last year, new legislation to deny an income tax deduction for…
March 12, 2019/by Juilee SatheStatement from Commissioner Chris Jordan about transition to Single Touch Payroll for small employers
The ATO has provided a tailored approach to comply with STP for…
March 8, 2019/by Juilee SatheDownsizer Superannuation Contributions
In an effort to reduce pressure on housing affordability, the…
March 5, 2019/by Juilee SatheExplanatory Memorandum March 2019
Single Touch Payroll reporting for small businesses: get ready!
Parliament…
March 1, 2019/by Juilee SatheClient Alert March 2019
Single Touch Payroll reporting for small businesses: get ready!
Legislation…
March 1, 2019/by Juilee SatheReforming The Taxation Of Discretionary Trusts
A key feature of discretionary trusts is the ability to distribute…
February 26, 2019/by Juilee SatheFairer dealings at the ATO, especially for small business
IN BRIEF
ATO Second Commissioner Andrew Mills says the ATO…
February 22, 2019/by Juilee SatheNew “work test” exemption for recent retirees
Many superannuation members are surprised – and sometimes…
February 19, 2019/by Juilee SatheDeemed Dividend Rules: New 10-Year Loan Model
Division 7A is a long-standing tax integrity measure that treats…
February 18, 2019/by Juilee SatheSuper Guarantee Compliance: Time To Take Action
The government is getting tough on employers who fail to make…
February 12, 2019/by Juilee SatheExplanatory Memorandum February 2019
Tax clinic trial to reduce tax regulatory burden
To help reduce…
February 8, 2019/by Juilee SatheClient Alert February 2019
Tax clinic trial to reduce tax regulatory burden
To help reduce…
February 8, 2019/by Juilee SatheNew SMS scam ‘spoofs’ ATO number
ATO assistant commissioner Karen Foat said the agency has been…
February 5, 2019/by Juilee SatheInstant asset write-off threshold upped to $25k
The government has increased the threshold for the instant asset…
February 1, 2019/by Juilee SatheATO flags common errors with contribution deductions
With greater numbers of clients now eligible to claim deductions…
February 1, 2019/by Juilee SatheLRBA Changes May Hinder SMSF Gearing
In the last decade, many SMSFs have used a "limited recourse…
January 29, 2019/by Juilee SatheAre You Getting the Most from Your Investment Property?
Property depreciation claims
Just as with other assets linked…
January 25, 2019/by Juilee SatheHow to Retire happily
IN BRIEF
Identify what brings you a sense of accomplishment…
January 22, 2019/by Juilee SathePAYG withholding: new penalties for non-compliance
In 2017, a government taskforce on the black economy reported…
January 18, 2019/by Juilee SatheSelling an inherited property? Here are the rules
People who want to delay the sale of a dwelling they receive…
January 15, 2019/by Juilee SathePlaying to Win in the Gig Economy
What is the gig economy?
The gig economy is characterised by…
January 11, 2019/by Juilee SatheDealing With An Excess Super Contributions Determination
Just when most people thought they had finalised their income…
January 8, 2019/by Juilee SatheI’m Hiring! Getting the Most from the Gig Economy
What is the gig economy?
The gig economy is a labour market…
December 14, 2018/by Juilee SatheExplanatory Memorandum December 2018
Work-related tax deductions down for 2018
The ATO has reported…
December 10, 2018/by Juilee SatheClient Alert – December 2018
Work-related tax deductions down for 2018
The ATO has reported…
December 10, 2018/by Juilee SatheGuidance on Superannuation measure for downsizer contributions
The ATO has released a ruling and a guidance note on the measure…
December 7, 2018/by Juilee SatheATO’s Use Of Real-Time Data For SG Compliance
As technology improves, there's a continual move towards real-time…
December 4, 2018/by Juilee SatheDirector Identification Numbers Coming Soon
Being a director of a company comes with many responsibilities,…
November 30, 2018/by Juilee SatheWorld Congress of Accountants – Audit
The World Congress of Accountants was a chance for leading experts…
November 27, 2018/by Juilee SatheTax Consequences Of Compensation From Financial Institutions
The Royal Commission into misconduct tin the banking, superannuation…
November 23, 2018/by Juilee SatheGovernment Debts And Your Travel Plans
Departure Prohibition Orders (DPOs) have long been used as a…
November 21, 2018/by Juilee SatheSuper Transfer Balance Cap: Reporting Events
With the introduction of the transfer balance cap of $1.6m designed…
November 16, 2018/by Juilee SatheATO warns on minimum pension payments
The Australian Taxation Office has issued a warning to trustees…
November 13, 2018/by Juilee SatheIncreasing Penalties For White-Collar Crime
As the Royal Commission into the misconduct in the banking,…
November 9, 2018/by Juilee SatheCan’t Buy Me Love: Conscientious Coupling and Binding Financial Agreements
The breakdown of a relationship is frequently ranked second,…
November 6, 2018/by Juilee SatheClient Alert: November 2018
Transfer balance cap: ATO highlights admin issues
On 30 August…
November 2, 2018/by Juilee SatheExplanatory Memorandum November 2018
Transfer balance cap: ATO highlights admin issues
On 30 August…
November 2, 2018/by Juilee SatheTop mistakes Aussies make when setting up an SMSF
In a speech given earlier this month, ATO assistant commissioner…
October 31, 2018/by Juilee SatheCatch-up Concessional Contribution Caps
The ATO has released details of Catch-up concessional contribution…
October 26, 2018/by Juilee SatheSetting Up Your SMSF
If you're thinking of setting up your own self-managed super…
October 19, 2018/by Juilee SatheImprovements To GST Risk Assessment
The Inspector-General of Taxation (IGT) has recently released…
October 18, 2018/by Juilee SatheTax Return Lodgement Due Soon
With the 31 October fast approaching, so is the deadline for…
October 16, 2018/by Juilee SatheDirector changes tabled, $1m fines for non-compliance
Treasury Laws Amendment (Registries Modernisation and Other Measures)…
October 10, 2018/by Juilee SatheExplanatory Memorandum October 2018
Claiming work-related expenses: ATO guides and toolkits
This…
October 5, 2018/by Juilee SatheClient Alert – October 2018
Claiming work-related expenses: ATO guides and toolkits
This…
October 5, 2018/by Juilee SatheTaxable SMSF Assets Double: Is Your Fund Affected?
It's been a little over a year since the dual changes of the…
October 5, 2018/by Juilee SatheATO holds millions in unclaimed refunds after 200k skipped lodgement
With the deadline of 31 October for self-preparers edging closer,…
October 4, 2018/by Juilee SatheAre You An Australian Resident?
In this global interconnected world, many Australians will no…
October 2, 2018/by Juilee SatheGarnishee Orders May Bring Home The Bacon
Issuing a garnishee order is a cheap and easy way to claw back…
September 18, 2018/by Juilee SatheAge Pension Eligibility Rule
The Government has announced that the Age Pension eligibility…
September 11, 2018/by Juilee SatheMeaning Of Independent: Financial Advisers
With all the media coverage around the negative behaviour of…
September 6, 2018/by Juilee SatheReform Of The ABN System
In Australia, there are currently around 7.7m ABNs with over…
September 5, 2018/by Juilee SatheSuperannuation Payout upon Death
Do you ever wonder what happens to your superannuation after…
August 24, 2018/by Juilee SatheIt Follows: Higher Education Debts
It might seem like a horror movie cliché, a monster that follows…
August 23, 2018/by Juilee Sathe‘Mess’ of 125 taxes suffocating business: Tax Institute
An “unnecessary array” of taxes and inefficiencies has been…
August 17, 2018/by Juilee SatheTRANSFER BALANCE ACCOUNT REPORT (TBAR) REPORTING
What is it?
Since 1 July 2017, the ATO has a limit on the…
August 14, 2018/by Juilee SatheR&D Tax Incentive Overhaul
The Research and Development (R&D) tax incentive is an offset…
August 7, 2018/by Juilee SatheTax Time Focus Areas for Individuals
It's tax time again, as you gather your receipts and other assorted…
August 7, 2018/by Juilee SatheLinks
- Australian Business Register
- Australian Securities and Investments Commission
- Australian Securities Exchange
- Australian Taxation Office
- Professional Standards Council
- The Australian Government's Principle Business Resource
- The Institute of Chartered Accountants
- The Institute of Chartered Secretaries
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