Rental properties often need upkeep and sometimes, more significant repairs. However, in the eyes of the Australian Taxation Office, not all types of expenditure are equal! For taxation purposes, there... read more →
Every year, the ATO announces a number of compliance targets that will be subject to additional scrutiny. It always pays to be aware of these focuses, as non-compliance is, more... read more →
The ATO is preparing to enter into the second phase of its dividend washing compliance program. Over 3000 individuals and entities have now received written correspondence requesting that they... read more →
The ATO has indicated that it intends to undertake an extensive examination of share transactions - dating all the way back to 1985! The objective of the data matching activity... read more →
The ATO has warned SMSF trustees about a new range of administrative penalties that can be imposed for a range of breaches of the law. This includes breaches that... read more →
The ATO has indicated that it will commence sending out initial notices to employers about unpaid superannuation obligations. Failing to meet superannuation obligations will generate significant penalties for employers. In... read more →
SMSF Trustees find ATO Refreshingly Helpful According to Andrew Frith of the Self-Managed Super Specialists, headquartered in Newcastle NSW, it was refreshing to hear the Commissioner of Taxation, Michael D'Ascenzo,... read more →