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Changes to Superannuation Guarantee
With the new financial year under way we are reminding clients what changes have been made to superannuation and allocated pensions.
Continue ReadingATO to write to 110,000 rental property owners over incorrect rent deductions
More than 110,000 property investors will receive letters from the Australian Tax Office after new data mining technology identified they may have submitted incorrect tax claims based on their 2011-12 tax returns.
Continue ReadingSelf-managed super funds should start tax housekeeping now
With just a month to go until the end of the financial year trustees of self-managed super funds should be doing some housekeeping chores. If this is not done the fund could face the risk of paying penalty tax.
Continue ReadingATO on the 'hunt' for small business
SMALL and medium businesses are being "hunted" by the Australian Taxation Office to recover outstanding debt, which will tip many businesses into bankruptcy, the head of the peak body for the $500 billion small business sector said.
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