New rules for accessing the 27.5% corporate tax rate from 1 July 2017 When does a company carry on a business? ATO releases guidance Small business tax concessions at a glance Deductions for small business Safe harbour reforms for company directors Tax consequences oftrust splitting Government cracks down on illegal phoenixing Streamlined reporting with Single
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Claiming work-related expenses?; myDeductions – a record keeping tool; Housing tax deductions: disallowing travel deductions and limiting depreciation deductions; ATO warning on holiday rental properties; Changes to capital gains withholding rules for foreign and Australian residents; Housing-related superannuation measures; Superannuation-Key rates and thresholds; Superannuation changes to be aware of; Tax incentives for early stage investors;
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The end of the financial year is coming!; 2017-18 Federal Budget small business measures; 2017-18 Federal Budget GST measures; Tax integrity in the Black Economy; Reduction in the company tax rate; GST; Superannuation; AAT disallows taxpayer’s claim for share trading losses; Illegal phoenix activity – protect yourself and your business; Single Touch Payroll starts 1
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Superannuation reform changes: what you need to know; New tools to check your superannuation entitlements; Diverting personal services income to Self Managed Superannuation Funds; Government cracking down on superannuation guarantee noncompliance; Credit and debit card and online selling; Targeted amendments to Division 7A; ATO issues warning on contrived trust arrangements; Goods taken from stock for
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Credit and debit card debt, online selling and ride sourcing data matching; Simpler reporting with Single Touch Payroll; ‘Black Economy’ Taskforce; Targeted amendments to Division 7A; ATO issues warning on contrived trust arrangements; Top cyber security tips; GST matters; Simplified approach for car fringe benefits; Taxable payments annual report; Foreign resident capital gains withholding; Superannuation
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Your small business may be entitled to a lower tax rate; Single touch payroll; 2016 PAYG withholding schedules; Reminder: GST crossborder changes started 1 October 2016; Superannuation reform packages; SMSFs: further guidance on LRBAs with non-arm’s length terms available now; Reinventing the ATO: blueprint for change released; Commissioner’s statement on the tax evasion “week of
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Tax Time 2016: It’s tax time! What you need to know about key changes; Targeted personal income tax cut; Claiming work-related expenses?; Backpacker tax delayed until January 2017; FBT exemption for workrelated electronic devices; ATO paying extra attention to ‘unusual’ deduction claims, in particular car expenses; Div 293 messages in myGov; Tax deductions for personal
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The end of the financial year is coming!; 2016-17 Federal Budget small business measures; Reduction in the company tax rate; 2016-17 Federal Budget changes to GST and other indirect taxes; GST cross-border transactions between businesses; Four years to get it right: time limit to review BAS; Applying the small business restructure rollover; Updated information on
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FBT Changes: salary packages meal and other entertainment benefits; Car expenses substantiation methods simplified; Superannuation rates and thresholds for 2016; Lost and unclaimed superannuation; Reviewing taxable payments annual reports; ‘Certainty’ letters being used by the ATO; National innovation and Science Agenda – tax changes announced; Tax and business incentives; Small businesses and start-ups; Going overseas
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ATO Early Engagement Program; ATO Trust Taskforce; Changes to ‘return not necessary’ for SMSF’s; Business reminders leading up to Christmas; Tax implications for the Festive Season celebrations; Foreign investment in residential real estate – reduced penalty period. Click here to DOWNLOAD CIB – Summer edition 2016
