The ATO has finally released the long awaited ruling to provide clarification to employers that provide FBT car parking benefits to their employees in response to two Full Federal Court […]
The ATO has announced that it will be conducting compliance activity on various economic stimulus measures introduced to help businesses recover from the effects of COVID-19. These stimulus measures include […]
While the ATO annual statistics releases are usually quite dry and technical, it does give a nice insight into why the ATO does what they do. For example, just in […]
The government has once again quietly sought to freeze the private health insurance income thresholds for the private health insurance incentive, this time for another 2 years with indexation of […]
With the property market booming despite low wage growth and the after effects of the pandemic, many developers are getting back into the market. If you’re in the business of […]
As the trustee of an SMSF, if one of the beneficiaries of the fund retires and commences an account-based pension, it is the responsibility of the trustee to ensure that […]
Rental property owners beware, the ATO has commenced 2 data-matching programs designed to obtain a myriad of information to ensure that various income tax reporting obligations have been met. Specifically, […]
As a part of a suite of measures introduced by the government to combat phoenixing activities, the ATO now has the power to retain an income tax refund where a […]
As the economy adjusts to the removal of most government COVID support measures, coupled with the slow rollout of national vaccination and mostly closed international borders, there is no doubt […]
The 2021 FBT return for the period 1 April 2020 to 31 March 2021 is due soon. For those businesses that prepare their own returns, lodgment of the return can […]
