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ATO

Policy & Regulation

The Australian Taxation Office has sought to defend its administration and systems in what is emerging as Australia’s largest-ever tax scam....

Financial planning

The ATO has extended the lodgement date of SMSF returns thanks to feedback from professional and industry representatives....

Superannuation

Miscreant employers are not being deterred by the penalty regime attaching to the non-payment of the superannuation guarantee, according to the Institute of Public Accou...

Superannuation

Industry Super Australia is claiming vindication after a Senate Committee confirmed significant shortcomings in how the ATO handles the non-payment of the superannuation ...

Superannuation

ASFA has called for the Federal Government to fund the ATO an additional $10 million a year over four years to detect employers failing to pay SG....

Financial planning

The ATO has confirmed its ongoing scrutiny of high net worths, with over 260 audits of private groups and wealthy Australians....

News

The Australian Taxation Office and SMSF Association have signed a statement of intent which will see the regulator and the industry share data and research to aid SMSF tr...

Accounting

The Australian Taxation office (ATO) will intensify the tax audits of businesses in 2017 as it looked to raise revenue, according to Pilot Partners....

Superannuation

The Federal Government’s crackdown on the black economy should include a focus on non-compliance with the superannuation guarantee in the cash economy. ...

Superannuation

The ATO is looking for revenue and unpaid contractor super payments are kryptonite for company directors, Pilot Partners believes....

Policy & Regulation

The Australian Tax Office (ATO) has issued a warning on contrived trust arrangements that engineer a reduction in trust income in order to gain favourable tax breaks....

Superannuation

APRA has warned superannuation funds that they may have risked compromising sensitive member data by outsourcing bulk e-mails and texts to third party service providers....

Superannuation

QSuper has worked with the ATO to help pay out a member’s tax savings when they retire and transition to an income account....

Superannuation

The SMSF Association has welcomed the ATO’s clarification on the consequences for SMSFs with LRBAs not on arm’s length terms, and stressed the need for clients to attain ...

Policy & Regulation

The ATO has issued an opinion stating that SMSFs investing in a property acquired by a DomaCom sub-fund would not contravene the SIS Act provided SMSFs fulfil some condit...

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MARKET INSIGHTS

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