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Take care with small business CGT concessions

16th Dec, 2021

Recently, the ATO has noticed that some larger and wealthier businesses have mistakenly claimed small business capital gains tax (CGT) …

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ATO concerns on luxury car tax

16th Dec, 2021

The ATO has issued an alert warning taxpayers that it is investigating certain arrangements where entities on-sell luxury cars without …

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Up and coming changes to super

16th Dec, 2021

Recently, a number of significant superannuation changes were proposed in Parliament as a part of the government’s plan to enhance …

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SMSF trustees: reminder to apply for director IDs

16th Dec, 2021

Directors of corporate trustees of self managed superannuation funds (SMSFs) should be aware that the director identification regime is now …

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ATO scrutinising gifts or loans from overseas

16th Nov, 2021

The ATO has recently issued an alert warning taxpayers against disguising undeclared foreign income as gifts or loans from related …

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New data matching program: government payments

16th Nov, 2021

A new data matching program designed to identify and address non-compliance with tax and super obligations is under way in …

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