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AUSTRALIAN TAXATION OFFICE
Financial planning
The Government's Budget initiatives around the Johnson Report and tax cuts are welcomed by the financial services industry, but with some reservations....
Financial planning
Queensland man subject to charges after raising nearly $8 million from investors without holding an AFSL, and generating no documentation or returns....
Superannuation
Paul Sarkis explains the implications that a recent tax ruling will have for clients who want to claim personal super contributions as a tax deduction....
Superannuation
Investments in collectables and personal-use assets will be banned, stricter rules around in-house assets will be introduced and there will be firmer regulation of SMSFs ...
Accounting
Accountants may seek compensation from the ATO as a result of damage to their reputation and bottom lines following problems flowing from the ATO's switch to a new IT sys...
Financial planning
The Australian Taxation Office is requisitioning bank records to enable data matching as part of a crackdown on tax havens....
Financial planning
The ATO's crackdown on the cash economy has succeeded in extracting an extra $127 million and identifying businesses under stress....
Superannuation
The National Institute of Accountants has accused the ATO and major superannuation funds of contributing to negativity around SMSFs....
Financial planning
Elders Forestry MIS will this year feature an attached forestry protection fund as an added failsafe against adverse financial events....
Superannuation
The SPAA has urged industry and the Government to work together to remove harsh penalties for super fund investors who mistakenly make excess super contributions....
Superannuation
ASFA backs stronger test of independence and training for SMSF auditors....
Financial planning
Stephen Heath explains how a draft ruling by the Australian Taxation Office raises question marks about the long term use of trusts as an effective tax structure for fami...
Superannuation
A tougher approach by the ATO to excess contributions has prompted SPAA to call for transitional relief....
Superannuation
The ATO has flagged a new service for SMSF professionals. At the same time, it has warned about continuing breaches regarding loans to members....
Financial planning
Financial planners remain in the throes of change and the end of the financial year will present further challenges. But sticking to tried and tested tax strategies may s...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...