Our Insights
Government warns of ‘malicious’ myGov scammers
Stay Alert to Protect Your ATO Log-In Details from Scammers Government Warns of Rising Tax Fraud via Fake myGov Sites and Urges Vigilance The Government
Taxpayer unsuccessful in having excess contributions reallocated
AAT Decision on Excess Concessional Contributions Tax Taxpayer’s Liability Upheld for Contributions Exceeding Cap Despite Lack of Employer Agreement The Administrative Appeals Tribunal (‘AAT’) recently
What to know about disaster relief payments
Understanding the Tax Implications of Natural Disaster Relief Payments Some Government Support Payments May Be Non-Taxable — Check Before Lodging Your Tax Return Taxpayers should
Illegal early access to super
Beware of Illegal Early Super Access Schemes ATO Warns Against Promoters Exploiting Super Funds for Non-Retirement Purposes Faced with tough times, some people may be
ATO issues warning about false invoicing arrangements
SFCT Alert: Beware of Illegal Financial Schemes Businesses Warned Against False Invoicing Tactics to Evade Taxes and Super Obligations The Serious Financial Crime Taskforce (‘SFCT’)
NFPs need to get ready for new return
New Requirements for Non-Charitable NFPs: Annual Self-Review Returns Changes Effective July 2024 Mandate Annual Reviews for NFPs to Confirm Tax Exemption Status From 1 July
2024/25 Federal Budget
Key measures for taxpayers, small business and superannuation 1. Personal income tax measures 1.1 Stage three personal tax cuts The Government has confirmed the revised
Asset valuation guidelines for SMSFs
Mastering SMSF Asset Valuation Understanding the Importance, Principles and Processes of Valuing Self-Managed Super Fund Assets If you have a self-managed super fund (SMSF), you
Super contribution caps to rise
Prepare for Changes as Concessional and Non-Concessional Caps Rise What You Need to Know for 2025 The big news story for those contributing to super
Avoiding common Division 7A errors
Navigating Division 7A: Ensuring Compliance with Private Company Obligations Guidelines for Business Owners to Manage Payments, Benefits, and Loans from Private Companies Private company clients
Small business concessions
Unlocking Tax Concessions for Small Business Owners ATO’s Reminder The ATO has recently issued a reminder that small business owners may be eligible for concessions
Sale of land subject to GST
AAT Rules on GST Liability for Land Sale Enterprise Activities Determination The AAT recently held that the sale of land by a taxpayer was subject
