Additional tax on concessional contributions The ATO has been issuing ‘Additional tax on concessional contributions (Division 293) assessments’ with respect to liabilities relating to the 2018 income year. Division 293 Read More…
Finding super sparks $860 million of joy New data released by the Australian Taxation Office (ATO) shows that Australians were busy finding and consolidating our superannuation accounts at the end of 2018. More Read More…
MYEFO report Mid-Year Economic and Fiscal Outlook (‘MYEFO’) report recently released. It indicates that the underlying Budget deficit is expected to be $5.2 billion in 2019 (down from the $14.5 Read More…
ATO guidance regarding ‘downsizer contributions’ The ability to make ‘downsizer contributions’ effectively commenced on 1 July 2018, prompting the ATO to release further guidance with respect to this new superannuation Read More…
What is single touch payroll and how will it affect your business? Single touch payroll is a new regulation that changes when and how small businesses report payroll activity to Read More…