Our Insights
STP and superannuation guarantee
ATO actively using data to warn employers not paying required SG on time In a presentation at the Australian Institute of Superannuation Trustees Chairs Forum,
SMS for SMSF
ATO to email, SMS SMSF changes In the interests of protecting self-managed super fund (SMSF) members and their retirement savings from fraud and misconduct, the
PAYG and deductions for payments to workers
PAYG withholding obligations The ATO has reminded business taxpayers they can no longer claim deductions for certain payments to workers if they have not met
Late SMSF annual returns to change Super Lookup ‘status
Super Lookup ‘status’ will change if SMSF annual returns are late The ATO considers the lodgement of an SMSF’s annual return on time to be
Bushfire assistance
ATO November 2019 bushfire assistance Following the devastating bushfires across large parts of NSW and Queensland in November, the ATO has offered ongoing support. In
Other superannuation legislation
Government passes other superannuation legislation The Government has recently passed legislation requiring insurance in superannuation for new members under 25, and members with low balance
Taxpayer liable for excess transfer balance tax
Taxpayer liable for excess transfer balance tax despite commutations A taxpayer has unsuccessfully tried to challenge an excess transfer balance tax liability, despite following the
Reporting asset disposals for CGT
ATO’s data-matching capabilities increase Close attention being paid to capital gains made on shares, property and cryptocurrency. Therefore, it’s important to let us know about
ATO recommends updating ABN details
ATO recommends updating ABN details for disastrous reasons The ATO has provided a novel, though important, reason for businesses to update their ABN details: to
Omnis Group gives a hand with hampers for homelessness
Can your generosity help make a difference to homeless and vulnerable people this Christmas? St Patrick’s Community Support Hampers Omnis Group in Perth have just
Super guarantee opt-out
Super guarantee opt-out for high-income earners now law From 1 January 2020, eligible individuals with multiple employers can apply to opt out of receiving super
Company or trust home-based business deductions
Deductions for a company or trust home-based business The ATO reminds taxpayers that, if they run their home-based business as a company or trust, their
