ATO

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

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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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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

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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

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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

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Deductibility of training course fees provided to employees

Running a successful small business sometimes requires an upskilled team. If you need your employees to grow their expertise in a particular area, spotting them for short-courses can be a worthwhile endeavour. When providing staff these courses, Tax & Super Australia has observed the following questions for employers to consider from a tax viewpoint. Can

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Centrelink to data match details with ATO records

The Department of Human Services, which overseas Centrelink, has issued a notice of a data matching project that will enable it to compare income data it has on-hand with tax return data that has already been reported to the ATO. Labelled by DHS the “Non employment income data matching project”, the initiative will “assist the

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Proposed non-concessional cap reform a drag on ATO resources

In a speech given to a national SMSF conference, ATO deputy commissioner for superannuation James O’Halloran admitted that the government’s budget superannuation changes, even though these are yet to pass Parliament, are already having a significant impact on the ATO’s capacity to cope. “We have already seen some examples of these increased expectations emerging with

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