News And Articles





June 2024 Newsletter

ATO’s Three Focus Areas This Tax Time

End Of Financial Year Obligations For Employers

Getting Trust Distributions Right

Support Available For Businesses Experiencing Difficulties

Minimum Yearly Repayments On Division 7A Loans

ATO Issues Notice Of Crypto Assets Data-Matching Program


May 2024

Government Warns Of 'Malicious' myGov Scammers

What To Know About Disaster Relief Payments

Illegal Early Access To Super

ATO Issues Warning About False Invoicing Arrangements

NFPs Need To get Ready For New Return

Taxpayer Unsuccessful In Having Excess Contributions Reallocated


April 2024 Newsletter

How To Claim Working From Home Expenses

Reminder Of March 2024 Quarter Superannuation Guarantee (‘SG’)

Using The ATO's Small Business Benchmarks

Quarterly TBAR Lodgement Reminder

Prepare For Upcoming Lodgments Of SMSF Annual Returns

Taxpayer Who Lived And Worked Overseas Found To Be Tax Resident

Earning For Personal Effort


March 2024 Newsletter

Super Contribution Caps To Rise

Small Business Concessions

FBT Time Is Fast Approaching!

Jail Sentence For Fraudulent Developer

Penalties Soon To Apply For Overdue TPARs

Avoiding Common Division 7A Errors




January & February 2024 Newsletter

Government Announces Changes To Proposed 'Stage 3' Tax Cuts

Changes In Reporting Requirements For Sporting Clubs

Deductions Denied For Work-Related Expenses

Sale Of Land Subject To GST

Melbourne Man Sentenced To Jail For Attempting To Defraud The ATO

New ATO Guidance On "Who Is An Employee?"


December 2023 Newsletter

ATO's Lodgment Penalty Amnesty Is About To End

Notice Of Officeholder Data-Matching Program

ATO Warning Regarding Prohibited SMSF Loans

Don't Forget The Two Further 'Boosts'!

Claiming Deductions In Relation To A Holiday Home

Reminder of December 2023 Quarter Superannuation Guarantee ('SG')




Christmas Parties & Gifts 2023

Year-End (and other) Staff Parties

Christmas Gifts


November 2023 Newsletter

Tax Issues For Businesses That Have Received A Support Payment

Care Required In Paying Super Benefits

Notice Of Visa Data Matching Program

ATO Says: "Be Cyber Wise, Don't Compromise"

Losses In Crypto Investments For SMSFs



October 2023 Newsletter

Taxpayers Need To Get Their 'Rental Right'

Choosing The Right PAYG Instalment Method

Mildura Man Jailed For Seven Years For GST Fraud

Remember The Unused Concessional Contributions Cap Concession

Deduction For Contributions Denied Due To Notice Requirement Problems


September 2023 Newsletter

Appointing An SMSF Auditor

ATO Gives 'Green Light' To Lodge

Different Meanings Of 'Dependant' For Superannuation And Tax Purposes

NALI Provisions Did Not Apply To Loan Structure

Luxury Car Tax: Determining A Vehicle's Principal Purpose



August 2023 Newsletter

Claiming GST Credits For Employee Expense Reimbursements

Lodging Of Taxable Payments Annual Reports

Changes To Deductions This Tax Time

Downsizer Contribution Measure Eligibility Has Been Extended

Reallocation of Excess Concessional Contributions Denied


July 2023 Newsletter

Court Penalises Amp $24 Million For Charging Deceased Customers

The Super Guarantee Rate Is Increasing

Minimum Annual Payments For Super Income Streams

Know Your Private Company Loan Arrangements Before You Lodge

Proportional Indexation Of Transfer Balance Caps From 1 July 2023

Masters Course Fees Not Deductible As Self-Education Expenses


June 2023 Newsletter

2023/24 Budget Update

In the ATO's sights this Tax Time

ATO Advice Regarding Year-End Trustee Resolutions

'Side Hustles' In The ATO's Sights

ATO Ride Sourcing Data-Matching Program


May 2023 Newsletter

Last Chance To Claim Deductions Under Temporary Full Expensing

Residential Investment Property Loan Data-Matching Program

Electric Vehicle Home Charging Rates: Cents Per KM

Taxpayers Not Carrying On An Agistment Business

Know The Rules For Accessing Superannuation


April 2023 Newsletter

New 15% Super Tax To Apply From 1 July 2025

Start Thinking About Your FBT Obligations

FBT Exemption For Electric Cars

Tips To Reduce Study And Training Loan Balances

Reminder Of March 2023 Quarter Superannuation Guarantee (‘SG’)




March 2023 Newsletter

Significant Change To Claiming Working From Home Expenses

Transfer Balance Cap Indexation

ATO And Australian Federal Police Crackdown On GST-Fraud Promoters



January/February 2023 Newsletter

Super Guarantee Contributions For The December 2022 Quarter

Electric Vehicle FBT Exemption Legislation Is Now Law

Further Eligibility Age Change For Downsizer Contributions

Builder Unable To Obtain Refund Of Incorrectly Charged GST


Christmas Parties & FBT 2022

Year-end (And Other) Staff Parties

Christmas Gifts


December 2022 Newsletter

ATO Warning To SMSFs: "Paying The Price For Non-Compliance"

ATO's Record-Keeping Tips

Input Tax Credits Denied Due To Lodging BASs Late

Chef Spending Most Of A Year On Cruise Ships Still A 'Resident'

Requesting Stapled Super Fund Details For New Employees







November 2022 Newsletter

Director ID deadline is approaching

Why are credits and refunds being offset?

ATO advice for SMSFs thinking about investing in crypto assets

Check that holiday employees get the right super

Optus data breach


October 2022 Newsletter

Banking business income to a private account

'Talking tax' with new workers

How the myGov update affects taxpayers

Input tax credits denied due to lodging BASs late

Valuing fund assets for an SMSF's annual return

Super guarantee contribution due date for September 2022 quarter

Varying PAYG instalments


September 2022 Newsletter

More COVID-19 Business Grants Are Now Tax-Free

ATO Reminder About Appointing An SMSF Auditor

Super Comparison Tool Updated

Small Business Tax Incentives Back On The Table

Rental Properties And Second-Hand Depreciating Assets




August 2022 Newsletter

Tax Time Focus On Rental Property Income And Deductions

Sessional Lecturer Entitled To Superannuation Support

TD 2022/11 – Discretionary Trusts And Corporate Deneficiaries

Pandemic Leave Disaster Payment Reinstated


July 2022 Newsletter

ATO’s Small Business Focus For 2022 Income Year

ATO Targeting SMSFs That Fail To Lodge Annual Returns

ATO Updates ‘Cents Per Kilometre’ Rate For Individuals

ATO To Target ‘Wash Sales’ This Tax Time

Downsizer Contributions Age Changes From 1 July 2022

Super Guarantee Contribution Due Date For June 2022 Quarter




June 2022 Newsletter

ATO Priorities This Tax Time
Avoid Double Dipping On Your Deductions
Get Ready For Super Changes From 1 July 2022
ATO To Start Clearing Backlog Of ENCC Release Authorities
ATO Warns About GST Fraud
Employers Need To Prepare For Changes Under STP Expansion




May 2022 Newsletter

No Reduction In The Private Health Insurance Rebate As Of 1 April 2022
Disclosure Of Business Tax Debts
High Court Rejects Attempt To Disclaim Interest In Trust Distribution


April 2022 Newsletter

2022-2023 Budget Measures That Are Now Law
Reminder of March 2022 Quarter Superannuation Guarantee (‘SG’)
Cents Per Kilometre Deduction For Car Expenses – 2023 Income Year
JobMaker Year 2: Adjusting Baseline Headcount
Re-contribution of COVID-19 Early Release Super Amounts
Penalties for Overdue TPAR


March 2022 Newsletter

Tax Deductibility Of COVID-19 Test Expenses
Super Changes And Full Expensing 12-Month Extension Now Law
12-Month Extension Of The Temporary Loss Carry-Back
Keeping And Maintaining SMSF Records
SMSF – Statistical Overview From 2020 Lodgments Published
Small Employers And STP– The ATO Gets Serious
New Shield Against Debt Recovery Proposed For Small Business


January/February 2022 Newsletter

ATO Support For Businesses In Difficult Times
Government Extends SME Recovery Loan Scheme to 30 June 2022
COVID-19 Vaccination Incentives And Rewards
Higher PAYG Withholding Rates Continue To Apply To Backpackers
Single Touch Payroll Exemption Extended For WPN Holders
Payment Extension Relating To JobKeeper Objections


December 2021 Newsletter

Super Is Now Following New Employees
ABN 'Intent To Cancel' Program
'Backpacker Tax' May Not Apply To Some Backpackers
Beware Of Scams
Managing Business Cash Flow
Data-Matching Program: Services Australia Benefits And Entitlements


November 2021 Newsletter

Preparing for the new Director ID regime
Varying PAYG instalments due to COVID-19
Permanent changes to AGMs and electronic communications
AUSTRAC transaction report information data-matching program
Government payments data matching program


October 2021 Newsletter

Extra super step when hiring new employees
ATO support for employers with expansion of STP
Reminder for first-time share investors to declare income
Documenting gifts or loans from related overseas entities
Additional ATO support during COVID-19
Paid Parental Leave changes support parents in lockdown
Reminder of SG obligations for September 2021 quarter



September 2021 Newsletter

Extending Administrative Relief For Companies To Use Technology
Expansion Of Support For Smes To Access Funding
ATO Warns Property Investors About Common Tax Traps
Div.293 Concessional Contribution Assessments Have Been Issued
Travel Allowances And 'LAFHAs'
Time Running Out To Register For The Jobmaker Hiring Credit
Labor Commits To Income Tax Cuts And Certainty On Negative Gearing


August 2021 Newsletter

Reminder Of Superannuation Caps Indexation For 2022
Division 7A Benchmark Interest Rate for 2022 Remains Unchanged
Changes To STP Reporting From 1 July 2021
Maximum Contributions Base For Super Guarantee
The ‘Gigs Up’ With A New Sharing Economy Reporting Regime
Taxable Payments Annual Reports (‘TPARs’) Due 28 August
New FBT Retraining And Reskilling Exemption Available


July 2021 Newsletter

Super Guarantee Contribution Due Date For June 2021 Quarter
Extension Of Time To Make Repayments On Division 7A Loans
Rent Or Lease Payment Changes Due To Covid-19
Lost, Damaged Or Destroyed Tax Records
Introducing SMSF Rollover Alerts
SMSF Limited Recourse Borrowing Arrangements Interest Rates
New ATO Data-Matching Programs


June 2021 Newsletter

Cryptocurrency Under The Microscope This Tax Time
Temporary Reduction In Pension Minimum Drawdown Rates Extended
Super Guarantee Rate Rising From 1 July 2021
Do You Use The Small Business Superannuation Clearing House?
ATO Warns On ‘Copy/Pasting’ Claims
Family Assistance Payments
Car Parking Threshold For 2022 FBT Year
Luxury Car Tax Thresholds
New ATO Data-Matching Programs Involving Property


May 2021 Newsletter

Government Proposal To Modernise Business Communications
ATO "Keeping JobKeeper Payment Fair"
Independent Review Service For Small Businesses Made Permanent
ATO Asks Businesses To Check If They Are Still Using Their ABNs
Passenger Movement Data Matching Program
Super Contribution Caps Will Increase From 1 July 2021


April 2021 Newsletter

JobKeeper Comes To An End
ATO Loses Case On JobKeeper And Backdated ABNs
First Criminal Conviction For JobKeeper Fraud
ATO's Taxable Payments Reporting System Update
FBT Rates And Thresholds For The 2021/22 FBT Year
Warning Regarding New Illegal Retirement Planning Scheme
New Succession Planning Guide For Family Businesses


March 2021 Newsletter

Changes to STP Reporting Concessions from 1 July 2021
 
   - Closely Held Payees (Small Employers)
     - Micro Employers
Paper PAYG and GST Quarterly Instalment Notices
Avoiding Disqualification from SG Amnesty


January/February 2021 Newsletter

New Measures Applying From 1 January 2021
Shortcut Rate For Claiming Home Office Expenses Extended
AAT Decision On JobKeeper And Backdated ABNs
SMSF Related Party Rental Income Deferrals Due To COVID‑19
ATO Data‑Matching Programs
JobMaker Hiring Credit Scheme: Claims Open From 1 February 2021
Cash Payment Limit Bill Shelved


December 2020 Newsletter

JobMaker Hiring Credit Passed
ATO Visa Data Matching Program
Improvements To Be Made To Full Expensing Measure
How To Avoid Getting Dodgy Advice
STP Data-Sharing With Services Australia
Proposed FBT Exemption - Retraining And Reskilling
Getting The Margin Scheme Right


November 2020 Newsletter

Tax cuts pass Parliament
Employers need to apply recent tax cuts as soon as possible
Deferrals of interest due to COVID-19
Simplified home office expense deduction claims due to COVID-19
Companies holding meetings and signing documents electronically
COVID-19 and loss utilisation
Employees on JobKeeper can satisfy the ‘work test’


October 2020 Newsletter

Special COVID-19 Superannuation Condition of Release Extended
Deduction for work-related vehicle expenses disallowed
Tax treatment of JobKeeper Payments


September 2020 Newsletter

Superannuation guarantee rate increase update
Superannuation guarantee amnesty ends 7 September 2020
Expanded eligible employee definition for JobKeeper
JobKeeper 2.0 - tweaks to the 'Decline in Turnover' Tests


August 2020 Newsletter

Extension of the JobKeeper Payment
     - Extended JobKeeper Payment Rates
     - Additional New Turnover Tests
80 cents per hour 'shortcut' method for home office expenses has been extended



July 2020 Newsletter

Treasury Laws Amendment (2020 Measures No 3) Bill 2020
Treasury Laws Amendment (2019 Measures No 3) Bill 2019
Regulations confirm no SG obligation on JobKeeper payments where work is not performed
COVID-19 and Division 7A relief


May 2020 Newsletter

Coronavirus: Government’s JobKeeper Payment
Shortcut method to claim deductions if working from home
SMSFs may be able to offer rental relief to related party tenants
ATO reminder about salary packaged super



April 2020 Newsletter

Coronavirus: Government announces new tax measures
ATO's support measures to assist those affected by COVID-19
New laws can make directors personally liable for GST
New super guarantee amnesty
New vacant land tax measures
ATO on property investments





March 2020 - Coronavirus Special Update

Government’s Stimulus Package in response to the Coronavirus
Income support for individuals
  The new Coronavirus supplement
  Expanding access (and eligibility) to certain income support payments
  Tax-free payments of $750 to eligible recipients
  Early access to superannuation benefits
  Reducing the minimum drawdown amounts for superannuation pensions
  Reducing social security deeming rates
Cash flow assistance for businesses
 
Boosting cash flow for employers
  Wages subsidies for apprentices and trainees
  Increasing the instant write-off threshold for business assets
  Accelerating depreciation deductions for new assets


March 2020 Newsletter

Court confirms ATO's position on foreign income tax offsets
Employer's requirements and the deductibility of WREs
SMS scam targeting natural disaster victims
Further STP developments
Valuing car parking fringe benefits


January/February 2020 Newsletter

Lifestyle assets continue to be an ATO audit target
Disclosure of business tax debts – Declaration made
MYEFO Report – 2019/20
The ATO’s Bushfire crisis response


December 2019 Newsletter

PAYG and deductions for payments to workers
STP and superannuation guarantee
No CGT main residence exemption for non-residents
ATO November 2019 bushfire assisstance
SMSs for SMSFs!


November 2019 Newsletter

Super guarantee opt-out for high income earners now law
ATO recommends updating ABN details for disastrous reasons
Reporting asset disposals for CGT
Government passes other superannuation legislation
Super Lookup 'status' will change if SMSF annual returns are late
Taxpayer liable for excess transfer balance tax despite commutations


October 2019 Newsletter

$30,000 instant asset write-off
Federal Court provides clarification on the PSI rules
Deductions for a company or trust home-based business
ATO impersonation scam update
Using the cents per kilometre method
Measuring the integrity of the ABR


September 2019 Newsletter

"Outrageous" deductions rejected
ATO guidance regarding incorrect ENCC determinations
ATO watching for foreign income this Tax Time
The ATO hits the road
Motor vehicle registries data matching program protocol






August 2019 Newsletter

Tax cuts become law
Low and middle income tax offset also now law
ATO "puts the brakes" on dodgy car claims
Private health insurance statements now optional
FBT and taxi travel
ATO rates and thresholds


July 2019 Newsletter

‘Cash in hand’ payments to workers no longer tax deductible
Uber drivers not employees
Making a Division 293 election
ATO targeting false laundry claims
Lifestyle assets data matching program
Tax time tips for small business
Fixing incorrectly issued excess NCCs determinations
Car parking threshold for 2020 FBT year
Trustee obligations on the ATO's radar: TFN reports


June 2019 Newsletter

Single Touch Payroll Update
Employees and payment summaries
Cryptocurrency data matching program
Tax office to double audits of 'dodgy' rental deductions
Paying super to backpackers
New rules for immediate write-offs



May 2019 Newsletter

Federal Election called!
2019/20 Budget Update
New industries entering the taxable payments reporting system
Scammers impersonate ATO phone numbers
FBT issues on the ATO's radar
FBT: Record-keeping exemption threshold
FBT: Benchmark interest rate


April 2019 Newsletter

Continued focus on the cash economy
Common errors with new GST withholding rules
Latest ATO benchmarks released
ATO warning regarding annual leave loading and OTE
Taxpayer living in serviced apartments overseas not a resident
Mostly vacant property still an 'active' asset

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