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Support for super amnesty — but ongoing compliance relies on robust ATO systems

27 November 2019: Tax & Super Australia (TSA) supports the proposed superannuation guarantee (SG) amnesty, but says ongoing employer compliance hinges on the effectiveness of the ATO’s new reporting technology and audit processes. TSA believes the Government’s proposal, currently being debated before Parliament, to give employers who have not paid adequate superannuation a chance to

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STP proves time‐consuming, costly and onerous for micro employers

21 October 2019: Tax & Super Australia (TSA) says the ATO should strongly consider exempting micro employers from having to use single touch payroll (STP) after a survey of its members that found that STP has been costly, time-consuming and overly onerous for their smaller business and micro employer clients. Further, many members were unconvinced

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Tax & Super Australia is about to celebrate 100 years

World Taxpayers Conference Last call tickets In the month of May, as the clock ticks over for Tax & Super Australia’s 100 year birthday, we will be teaming up with The Australian Taxpayers’ Alliance for a four day conference, from May 23 to 26 inclusive, to exchange ideas and learn from the best practices of

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Bring Back the Accountants’ Exemption says Tax & Super Australia!

It has now been just over two years since the Accountants’ Exemption was lifted and empirical evidence suggests that accountants are having to deal with increased costs and an onerous compliance regime where these cost hikes are being passed on to their clients. The Accountants’ Exemption allowing the provision of limited advice by recognised accountants

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Change is coming to your weekly e-Newsletter

Your weekly dose of insights on tax and SMSFs is changing to a fortnightly schedule, so after Friday March 2 the next e-Newsletter from Tax & Super Australia will turn up in your in-box on Friday March 16. But it will be worth the wait. The upside will be that each newsletter will be filled

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New superannuation laws – a challenge for advisers

Tax & Super Australia commends the Federal Government on the prompt passage of superannuation reforms through both Houses of Parliament during the current sitting. However, the new measures will mean that advisers will need to quickly get up to speed in order to help their clients. superannuation laws, advisers, clients, superannuation Chief Executive Officer, Moti

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Government backflips on major elements of the proposed superannuation tax reforms

The announcement today by the Government on the tempering of superannuation changes has delivered mixed news for Australian taxpayers.Government backflips on major elements of the proposed tax reforms Tax & Super Australia CEO Moti Kshirsagar says he fully supports the abandonment of the proposed $500,000 retrospective cap, as well as the corralling of $1.6 million

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First tranche of superannuation reforms welcomed

Tax & Super Australia welcomes the release of the first tranche of draft legislation implementing a range of superannuation system changes announced in the 2016-17 Budget. First tranche of superannuation reforms welcomed. Tax & Super Australia CEO Moti Kshirsagar noted that proposed changes simplify the acceptance of contributions and remove several restrictions currently in place

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