Changes to trust reporting Changes to simplify reporting for trustees and beneficiaries are commencing from 1 July 2024 as part

Fast track finalisation of less complex estate tax affairs The ATO has recently released an updated guideline (PCG 2018/4) that

Fake invoice schemes targeted by ATO The Serious Financial Crime Taskforce (SFCT) led by the ATO is warning businesses against

Inspector General of Taxation and Taxation Ombudsman issues guidelines re notification of debts owing to government In response to criticism

Proposed changes to the annual super fund performance test The annual superannuation performance test was introduced in 2021 by the

How the ATO uses small business benchmarks Recently, the ATO updated its small business benchmarks to include the 2021-22 income

Government to pay super on paid parental leave The government has announced that from 1 July 2025, it will commence

ATO concerned about compliance with Division 7A Division 7A of the Income Tax Assessment Act 1936 was introduced as a

ATO matching rental bond data with landlords tax returns Investment property owners beware! The ATO has signalled that its rental

Alternatives to employee declarations for FBT Employers that provide certain fringe benefits to their employees can now use appropriate alternative

Deductibility of self-education expenses The ATO recently released a final taxation ruling (TR 2024/3) which consolidates and updates its previous

EV home charging rates for FBT purposes Since the introduction of EV incentives by various state governments to encourage the

Tax implications of receiving personal services income Personal Services Income (PSI) generally only applies to individuals that receive more than

Foreign investors to pay increased fees to purchase established property In response to various media commentary and public sentiment that

ATO focusing on illegal early release of superannuation As a new calendar year commences, the ATO’s priorities in the SMSF