Tax time 2024: reminders for small business As tax time 2024 approaches, the ATO has released some important reminders for

Tax time 2024 – ATO focus areas As the ATO gears up for tax time 2024, it has flagged three

ATO crypto assets data-matching program Hot on the heels of reports that a growing number of SMSFs are sustaining significant

Student loan debts to increase from 1 June 2024 due to indexation The HECS-HELP loan program is part of the

Difficulties with SMSFs investing in crypto assets The digital currency landscape continues to be treacherous terrain for Self-Managed Superannuation Fund

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

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