by Craig | May 5, 2024 | ABN, ATO, myGov, NFP
Government warns of ‘malicious’ myGov scammers The Government has urged Australians to be vigilant regarding scammers who target ATO log-in details to commit tax fraud. The ATO has received a large number of reports of scammers using fake myGov sites to...
by Craig | Nov 1, 2023 | Assets, ATO, NANE Income, SMSF
Tax issues for businesses that have received a support payment Taxpayers who have received a government support grant or payment recently to help their business recover from COVID-19 or a natural disaster should check if they need to include the payment in their...
by Craig | Sep 4, 2023 | ATO, SMSF, Tax Time
Appointing an SMSF auditor The ATO reminds SMSF trustees that they need to appoint an approved SMSF auditor for each income year, no later than 45 days before they need to lodge their SMSF annual return. An SMSF’s audit must be finalised before the trustees lodge...
by Craig | Aug 2, 2023 | ATO, TPAR
Claiming GST credits for employee expense reimbursements Employers may be entitled to claim GST input tax credits for payments they have made to reimburse employees for expenses that are directly related to their business activities. A...
by Craig | Jul 8, 2023 | ATO, SMSF, Superannuation
Court penalises AMP $24 million for charging deceased customers The Federal Court has found that four companies that are or were part of the AMP Group breached the law when charging life insurance premiums and advice fees from the superannuation accounts of more...
by Craig | Jun 6, 2023 | ATO, Budget Update, Data-matching
2023/24 Budget Update On 9 May 2023, Treasurer Jim Chalmers handed down the 2023/24 Federal Budget. Some of the measures announced by the Government (including some which were actually announced prior to the Budget), include: from 1 July 2026, employers will be...
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