Why the Government doesn’t want you to understand how franking credits work.
It’s not an accident that understanding how it all works is boring. The detail of tax is a lot like superannuation. It’s complicated and most people find it boring. The…
Budget 2019/20 – Tax Cuts and a Surplus! Can it get any better?
Key points – The 2019-20 Budget “delivers” the long-awaited surplus and increased fiscal stimulus mainly via tax cuts/offsets. – The main risk is that the revenue boost is not sustained…
Tax and estate planning traps flagged with pension restructures
While the ATO has previously stated that changing a pension to reversionary after it has been commenced is generally fine where the deed allows it, it may be safest to stop and restart the pension, says a technical expert.
Bought an investment property? Here’s an App to help you do your taxes
We’re the first to admit that owning property is a tough nut to crack, but for those who’ve made the jump to property ownership, a new app will help you make…
How Australians will use their tax return
With nearly one in three people planning to save their tax return, have you considered what you might do with yours? This year more than 75% of Australians expect to…
Now’s the time for tax planning
With not much time remaining to the end of the financial year, now is the time to start some serious tax planning. Getting ready for tax time should go well…
ATO claws back $850m in unpaid SG in FY 17-18
Compliance activities undertaken by the ATO in the 2017-18 financial year saw the ATO raise around $850 million in unpaid super entitlements.
ATO updates crypto guidance
The ATO has updated its guidelines on the tax treatment of cryptocurrencies, including issues on exchanging one cryptocurrency for another and record-keeping requirements.
ATO set sights on 27,000 funds in ongoing crackdown
While efforts by tax agents and the ATO has seen a dramatic drop in the number of non-lodgers, 27,000 registered SMSFs that have not lodged since their establishment remain on its radar.
