News
Catch-up Contributions
July 2019 sees the introduction of the new catch-up contribution rules, which allow people with less than $500,000 in super to make extra concessional contributions up to their previously unused $25,000 annual cap.
Life Insurance
Important: A major change to life insurance in many super funds.
Community tip-offs trigger ATO visits
Around 700 small businesses in Western Australia are set to receive door knocks from the ATO next month after the agency received intelligence around possible black economy behaviour.
Australia at a glance
The following link takes you to a site that sets it all out in black and white, though a strong coffee will help!
2019: Tax Time Checklists – Individuals; Company; Trust; Partnership; and Super Funds
Printing and completing these checklists makes it more efficient for your tax agent to complete your tax returns. Doing so also helps maximise any refunds you receive or payments you have to make.
Small business clients need to be ready for STP by 30 September
The original deadline of 1-7-2019 has been extended. Read more about what every small business needs to do by then.
Big four firm outlines new financial year checklist for SMSFs
With the new financial year starting, one of the big four accounting firms has highlighted the key areas on which SMSF professionals should focus their attention for SMSF clients.
Alert – Online Share Accommodation
Home-owners should consider the wider taxation implications of renting the family home before taking a short-term benefit.
ATO flashes warning over $7.2bn car expenses claims
Over $7.2 billion in work-related car expenses claimed last year have placed the popular deduction firmly in the headlights of the ATO this tax time.
Vital statistics for our great nation.
One great source of data about Australia. Become better acquainted with the country we love. An up-to-date snapshot of Australia's vital statistics. Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing […]
