Keeping up with the latest in the accounting news.
Keeping up with the latest in the accounting news.
General
Small business tax incentives back on the table
Posted by Todd Hodkinson on September 3, 2022
The Albanese Government has confirmed its commitment to implementing two tax incentives aimed at supporting small businesses to train and upskill employees, and improve their digital and tech capacity. The Technology […]
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General
ATO reminder about appointing an SMSF auditor
Posted by Todd Hodkinson on September 3, 2022
The ATO is reminding trustees of self-managed super funds (‘SMSFs’) that they need to appoint an approved SMSF auditor no later than 45 days before the lodgment of their fund’s […]
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General
Rental properties and second-hand depreciating assets
Posted by Todd Hodkinson on September 3, 2022
The ATO is reminding taxpayers that have a residential rental property, to take care when making claims for ‘second-hand depreciating assets’ used in their properties. In most cases, these are […]
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General
Super comparison tool updated
Posted by Todd Hodkinson on September 3, 2022
The YourSuper comparison tool helps individuals compare MySuper products and choose a super fund that meets their needs. It ranks the performance of these products by fees and net returns. […]
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General
QBCC now require General Purpose Financial Statements.
Posted by Todd Hodkinson on September 3, 2022
It’s a considerable and bizzare change to the QBCC’s financial reporting regime that will add considerable cost to an industry already feeling the strain of increasing expenses. The QBCC has […]
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General
Pandemic Leave Disaster Payment reinstated
Posted by Todd Hodkinson on August 8, 2022
In recognition of the risks associated with more infectious new Covid-19 variants through the winter period, the Federal Government has agreed to reinstate the ‘Pandemic Leave Disaster Payment’ to 30 […]
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General
TD 2022/11 – Discretionary trusts and corporate beneficiaries
Posted by Todd Hodkinson on August 8, 2022
When a trustee of a trust makes a decision to create an entitlement to income of the trust in favour of a corporate beneficiary (i.e., a privately held company), certain […]
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General
Sessional lecturer entitled to superannuation support
Posted by Todd Hodkinson on August 8, 2022
The Federal Court has agreed with the ATO that a lecturer providing services to a higher education provider was a common law employee and therefore entitled to superannuation support, despite […]
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General
Tax time focus on rental property income and deductions.
Posted by Todd Hodkinson on August 8, 2022
The ATO is focusing on four major concerns this tax season when it comes to rental properties. Concern 1: Include all rental income When preparing tax returns, make sure all […]
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General
Super guarantee contribution due date for June 2022 quarter
Posted by Todd Hodkinson on July 4, 2022
Super guarantee contribution due date for June 2022 quarter The due date for employers to make super guarantee contributions for their employees for the June 2022 quarter is 28 July […]
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