The SG Amnesty: What should employers do?
The SG Amnesty: What should employers do? There is much confusion among tax practitioners and their clients regarding the proposed Superannuation Guarantee (SG) Amnesty, which is intended to run for 12 months from [...]
The Superannuation Legislative Landscape
The Superannuation Legislative Landscape The Government’s Fair and Sustainable Superannuation Reforms have now been in place for over a year and the measures announced in this year's Federal Budget continue to make changes [...]
Tax Fundamentals: CGT Events
Tax Fundamentals: CGT events Pop quiz! … How many CGT events are there? Our Tax Fundamentals trainer, Lee-Ann Hayes asks this question often of her groups and enjoys the varying replies she gets back. [...]
The work-related expenses tax gap
The work-related expenses tax gap On 12 July 2018, the ATO published the income tax gap for ‘individuals not in business’, comprising around 9.6 million individuals who are not in business and earn [...]
Tax Fundamentals: What advice can I rely on?
Tax Fundamentals: What advice can I rely on? In 2015, the Government released its tax White paper titled ‘Re:think Tax discussion paper’. As part of the discussion on complexity, the paper noted: In [...]
Residential Rental Properties: The New Depreciation Rules
Residential rental properties — the new depreciation rules On 1 July 2017, changes were made to the tax law in relation to the claiming of depreciation on certain assets used in residential rental [...]
SG Amnesty: Q&A
SG Amnesty — Q&A Background On 24 May 2018, the Government announced a one-off, 12-month Superannuation Guarantee Amnesty (the Amnesty), and introduced legislation into Parliament, which allows non-complying employers to self-correct any unpaid [...]
ATO compliance and administrative approach to company tax rate changes
ATO compliance and administrative approach to company tax rate changes Background Since 2015, there have been many changes to the tax laws, both enacted and proposed, which set out the eligibility for the [...]