Steve Burnham

The SMSF Association held its annual conference last week, which was attended by Tax & Super Australia’s CEO Pippa McKee and our President and Chair Stephen Ware. The conference was addressed by Assistant Minister for Superannaution, Senator Jane Hume, who stated that it remains government policy to see an increase in the maximum number of

The ATO has compiled, from many years worth of annual return data supplied by self managed superannuation funds, what it says are the top five errors committed by SMSF trustees when lodging their annual tax return. Knowing where other SMSF trustees have tripped up in the past can go a long way tp make sure

The House of Representatives Standing Committee on Tax and Revenue was tasked in early February this year with conducting an inquiry into the taxation of employee share schemes (ESSs), and issuing the Treasurer with a final report. In 2015 the Government made a number of changes aimed at improving the taxation treatment and administrative arrangements

High Court disallows appeal in FITO case Broadband tax gets Senate approval, but wireless not ruled “off-limits” Warn your clients: New “8% bonus” scam The end of AUSkey and Manage ABN Connections is nigh Reporting and paying of inactive low-balance accounts Online services for agents feedback An SMSF investment strategy is a legal requirement Approval

The Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 received assent on 17 February 2020. The legislation includes a range of measures targeting illegal phoenixing including penalties for directors related to GST liabilities (making directors personally liable for unpaid GST if the unpaid liability is not paid within 21 days of a director penalty notice

From bushfire relief groups, sporting clubs, environmental groups, charity associations and many more, volunteers are an indispensible workforce and support network for many organisations. For most, if not all, having volunteers ready to lend a hand is pivotal in them being able to function or survive. Given that there are many hundreds of volunteers propping

Late on 18 February 2020 or early Wednesday 19 February 2020 Australian time, Google is changing how its new Chrome browser (released on 14 February 2020) manages cookies. This change will cause AUSkey to stop working through Chrome.  If your practice has installed or intends to install the new Chrome browser, and you are still

With effect from 1 July 2015, the Victorian State Revenue Office imposed additional duty obligations on “foreign” purchasers of residential property. Additional land transfer duty (stamp duty) was 3% for the first year, another 7% from 1 July 2016 to 30 June 2019, and 8% after that. NSW has also made legislative moves that will

The Financial Sector Reform (Hayne Royal Commission Response – Protecting Consumers (2019 Measures)) Bill 2019 has completed its passage through both houses of parliament and is set to become law soon. The bill addresses four recommendations from the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, including requiring mortgage brokers