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Checklist of business deductions

This non-exhaustive checklist of business deductions is designed to provide an easy reference guide to the types of deductions that might be claimed by businesses. This checklist should be read in conjunction with a similar checklist for employees that was published last week (read it here). Note that these deductions may not necessarily be available,

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Super changes from July 1 amended, but passed

  The Treasury Laws Amendment (2017 Measures No. 2) Bill 2017, containing further amendments to the new superannuation rules kicking in on the 1 July 2017, has passed both houses of Parliament (on 15 June 2017). It is going to be possible for the government to prescribe additional transfer balance debits and transfer balance credits

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Top 5 Helpline topics

As members of Tax & Super Australia will know, one of the most utilised services that members can access is our Helpline service. Through this service, members get direct access to our specialist tax technical and SMSF experts for guidance on how best to address complex issues. What our technical staff has found is that

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Avoiding common tax return errors: Tips from the ATO

While many may see recently issued ATO advice as re-stating the bleeding obvious, it does of course ring true when it says that lodging returns with incorrect or incomplete information will delay processing. Generally the processing of these incomplete returns will be stopped in order to verify or update details. Helpfully however, the ATO has

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ATO answers practitioners’ questions

Tax technical representatives of Tax & Super Australia recently attended an ATO open forum. The ATO stages these forums at locations around the country, and says the intent of these forums is to: hear directly from tax practitioners about matters affecting them, their practice and the broader tax professional community provide an opportunity to raise

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