The SG Amnesty: What should employers do?

The SG Amnesty: What should employers do?

[print-me] 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 24 May 2018 to 23 May 2019. However, the SG Amnesty measures are not legislated yet...
The Superannuation Legislative Landscape

The Superannuation Legislative Landscape

[print-me] 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 to the superannuation environment. It is with some challenge that we...
Tax Fundamentals: CGT Events

Tax Fundamentals: CGT Events

[print-me] 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. She has heard everything from five to 200 CGT events. Occasionally, someone is a...
The work-related expenses tax gap

The work-related expenses tax gap

[print-me] 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 income from salary and wages and investments. The estimated net tax gap for these individuals...
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 superannuation guarantee (SG) amounts...