Super Clearing House Changes

Although the SBSCH itself hasn’t changed, the service has been migrated to the ATO’s Business Portal. This means your old login details will no longer work and you need to arrange

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Social Media for Business

Why socialise? With only a third of Australian businesses currently adopting a social media presence, many are missing out on business opportunities – including unparalleled market reach – and financial incentives.

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Tax office releases fresh guidance on SMSFs

The ATO has released a new piece of guidance which outlines its concerns and compliance activity with reserves in SMSFs. 

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Labor’s tax plans could favour the rich, analysis shows

Labor's plans for excess dividend imputation credits will favour the rich despite claims it is targeting wealthy Australians, according to specialist analysis.

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FBT Reminder – Odometer Reading

Anybody who has a Fringe Benefits Tax obligation should take an odometer reading of motor vehicles.

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‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list

The tax office has further detailed what type of work-related expenses will be in focus this tax time and signalled a particular focus on documentation where “red flags” are automatically triggered in its system.

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Super changes: $1.6 million transfer balance cap and death benefit pensions

Where a taxpayer has amounts remaining in superannuation when they die, their death creates a compulsory cashing requirement for the superannuation provider.

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