- 13 Dec, 2022
Compliance with Super Laws – ATO’s Approach
The following courses of action are available to the ATO to deal with SMSF trustees who have not complied with super laws: Education direction – the ATO may give an SMSF…
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- 18 Nov, 2022
Varying PAYG Instalments
You can vary your instalments so the amount you prepay is closer to your expected tax for the year. If you pay PAYG instalments using the instalment amount (option 1 on…
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- 27 Oct, 2022
Pension Changes to Encourage Workforce Participation
As a result of the government’s recent Jobs Summit and responding to pressure from employer and agricultural lobby groups, proposed changes have been introduced into Parliament that will enable pensioners to…
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- 7 Oct, 2022
Affordable Childcare Measures Coming Soon
To fulfil its election promise, the government has recently introduced a Bill to make early childhood education and childcare more affordable through changes to the level of the Child Care…
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- 16 Sep, 2022
Overview of Record-Keeping
You are legally required to keep records of all transactions relating to your tax and superannuation affairs as you start, run, sell, change or close your business, specifically: any documents…
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- 4 Sep, 2022
Electric cars to be exempt from FBT
During the 2022 election campaign, Labor announced its Electric Car Discount policy in order to make electric cars cheaper and increase uptake. As a part of the policy, Labor proposed to…
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- 26 Aug, 2022
Bonus Deduction for Employee Training Proposal
As a part of its strategy to address the current skills shortage as well as to future-proof Australia’s workforce by building better trained and more productive workers, the government has proposed…
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- 18 Aug, 2022
TPAR – due soon
Businesses that have made payments to contractors for certain services in the 2021-22 income year are required to lodge a Taxable Payments Annual Report (TPAR) by 28 August 2022. This includes…
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- 6 Aug, 2022
Super Pension Drawdown Reduction Extended
The temporary 50% reduction in minimum annual payment amounts for superannuation pensions and annuities has been extended by a further year to 30 June 2023. This temporary measure was first introduced…
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