ATO

5 tips to get home office deductions right

Your client might be sick of the daily commute, or want more flexibility of hours – or it could be that they have a talent or skill that they trust will translate into a fulfilling career in their own business. Or it could just be that the idea of working from home seems to offer

[ Read More ]

Top 5 Division 7A watch-outs

The top 5 Division 7A watch-outs are as follows. 1/ Transaction caught by Division 7A Division 7A will arise if transactions fall into the following three categories, for a shareholder or shareholder’s associate: certain loans from a private company, certain payments from a private company, and forgiveness of a debt owed to a private company.

[ Read More ]

ATO not doing the best on revenue collection, says national auditor

The Australian National Audit Office (ANAO) has released a report which indicates that while the ATO may have indicated that hundreds of millions of dollars in tax revenue was being taken in, the actual amount may have been overstated. The new report by the ANAO found that the ATO had on at least one occasion over a

[ Read More ]

Wouldn’t life be easier without Div 7A?

Can any of you remember life without Div 7A? This was back in 1980s when the company tax rate and personal tax rates were on par, and there was much less temptation for any mischief. Wouldn’t life be easier without Div 7A? As we all know, Div 7A is an anti-avoidance measure to stop taxpayers

[ Read More ]

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

[ Read More ]

Take care of your CPD requirements in one place

Tax & Super Australia provides a comprehensive range of options to satisfy CPD requirements, with high quality learning and development events. Take care of your CPD requirements in one place Members can take advantage of exclusive discounted rates, while gaining valuable CPD credits. All our CPD components help you keep abreast of technical and current

[ Read More ]

Checklist to ease your move to the practitioner lodgment service (PLS)

The practitioner lodgment service (PLS) is the new channel that will allow tax professionals to lodge forms electronically with the ATO. It is intended that the PLS will replace the electronic lodgment service (ELS) as the primary lodgment channel by the end of March 2017. In the meantime, and as these sorts of deadlines tend

[ Read More ]

Tax calculators and tools

Below are the most popular calculators and tools that the ATO has found are most searched for on its website. You can also refine your search options when clicking on the links below. Make sure you click the “apply filter” or “search” buttons after selecting your refinement options to find the specific calculator or tool

[ Read More ]