We also discuss a Chef spending most of a year on cruise ships is still a "resident"; and Requesting staple super fund details for new employees.
This month we discuss the ATO's warning to SMSFs: "Paying the price for non-compliance"; ATO's record-keeping tips; and Input tax credits denied due to lodging BASs late.
We also discuss a Chef spending most of a year on cruise ships is still a "resident"; and Requesting staple super fund details for new employees. This month we discuss the approaching Director ID deadline; Why credits and refunds are being offset; and ATO advice for SMSFs thinking about investing in crypto assets.
We also discuss Checking that holiday employees get the right super; and the Optus data breach. This month we discuss Banking business income to a private account; "Talking tax" with new workers; and How the myGov update affects taxpayers.
We also look at Input tax credits denied due to lodging BAS's late; Valuing fund assets for a SMSF's annual return; Super guarantee contribution due date for September 2022 quarter; and Varying PAYG instalments. This month our newsletter discusses Tax-free COVID-19 business grants; and the ATO reminds trustees of a SMSF to appoint an approved SMSF auditor.
The YourSuper comparison tool has released the latest findings on MySuper products; Small business tax incentives are back on the table; and we look at Rental properties and second-hand depreciating assets. This month our newsletter has a Tax Time focus on rental property income and deductions and we look at a recent case when an Independent Contractor was entitled to superannuation support by the employer.
We also discuss Discretionary trusts and corporate beneficiaries; and the Pandemic Leave Disaster Payment has been reinstated until 30 September 2022. This month our newsletter focuses on the ATO priorities this tax time; Avoid double dipping on your deductions; and Getting ready for super changes from 1 July 2022.
We also discuss the ATO is starting to the clear backlog of ENCC release authorities; ATO warns about GST fraud; and Employers need to prepare for changes under STP expansion. This month our newsletter focuses on No reduction in the Private Health Insurance rebate; and Disclosure of business tax debts.
We also look at a recent case where the High Court rejects attempt to disclaim interest in trust distributions. This month our newsletter focuses on 2022-23 Budget Measures that are now law, including Low and Middle Income Tax Offset, Reduction in Fuel Excise and Tax deductions for work-related COVID-19 tests.
There is a reminder of the March 2022 Quarter Superannuation Guarantee (SG) and changes to Cents per kilometre deduction for car expenses in the 2023 income year. We also discuss JobMaker Year 2: adjusting baseline headcount; Re-Contribution of COVID-19 early release super amounts; and Penalties for overdue TPAR. This month our newsletter focuses on Tax Deductibility of COVID-19 test expenses; Super changes and full expensing 12-month extension now law; and 12-month extension of the temporary loss carry-back measure.
We also discuss Keeping and maintaining SMSF records; SMSF – statistical overview from 2020 lodgements published; New shield against debt recovery proposed for small business; and Small employers and STP – the ATO gets serious. This month our newsletter discusses ATO support for businesses in difficult times; Government extends SME Recovery Loan Scheme to 30 June 2022 and COVID-19 vaccination incentives and rewards.
We also discuss Higher PAYG withholding rates for backpackers; Single Touch Payroll exemption extended for WPN holders and Payment extension relating to JobKeeper objections. |
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November 2023
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