AUSTRALIAN TAXATION OFFICE

Policy & Regulation

Small business satisfaction for the Federal Government seems to be dipping, with many saying it does not understand issues impacting many sectors. ...

Superannuation

The ATO said rollover/benefit transfer to a self-managed super fund will be considered a contribution when it comes to the active member-test...

Superannuation

Improved data collection methods by the ATO shows SMSF limited recourse borrowing arrangements have risen to $8.3 billion from $2.6 billion in 2013....

Policy & Regulation

The ATO said Bitcoin transactions should be considered as barter transactions with similar tax outcomes....

Superannuation

New ATO data confirms most Australians have just one superannuation account....

Superannuation

Claims that SMSF members are looking to return to mainstream funds are unfounded, according to SuperGuardian, Xpress Super chief executive, Olivia Long....

Superannuation

Industry fund CareSuper has partnered with accounting group Crowe Horwath to help facilitate exits from SMSFs....

Policy & Regulation

The ATO has announced it is entering its next phase of chasing up hundreds of taxpayers who may have entered into a dividend washing transaction....

Financial planning

Treasury issues ‘Statement of Expectations’ to ASIC and other Australian regulators, asking them to adhere to its broad policy framework....

Superannuation

ATO deputy commissioner warns that SMSF trustees should not view their funds as “set and forget” exercises....

Policy & Regulation

Australians who have dodged tax outside Australia have less than five months to voluntarily disclose or face going to jail under the ATO’s Project DO IT....

Funds management

Australian property investors are missing out on an opportunity to cut their taxable income by failing to correctly assess their property’s annual depreciation....

Financial planning

CPA Australia and Chartered Accountants ANZ release ATO-approved SMSF trustee education program....

Policy & Regulation

The ATO has warned property developers not to use trusts to give back proceeds from property as capital gains rather than income....

Superannuation

The ATO has warned SMSF trustees about inappropriate use of home loan unit trusts and the risks entailed in attending overseas SMSF conferences....

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