What's new

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29/05/2017ATO provides certainty on tax treatmentToday the ATO has issued initial guidance to assist taxpayers who may have been affected by the alleged actions payroll services currently under the joint AFP and ATO investigation, Operation Elbru
29/05/2017Our service commitmentDuring tax time, we hold meetings with the Tax Practitioner Stewardship Group to discuss emerging issues. We aim to finalise the majority of electronically-lodged current year individual tax returns within 12 business days of receipt.
29/05/2017Overview of key changesKey changes and new measures to be aware of when completing your clients' returns include the working holiday maker tax rate, expanded access to small business concessions, early stage investor tax incentives, significant global entities and transitional CGT relief for superannuation funds.
29/05/2017Pre-filling serviceYou should cross-check pre-filling data available through the Tax Agent Portal or the practitioner lodgment service with information provided by your clients.
29/05/2017Prevent delays in processing returnsLonger than standard processing times occur if we need to cross-check data with other government agencies, your clients' details don't match our records and if we have to verify additional information provided in a tax return.
29/05/2017System availability and start of return processingWe will start full processing of 2017 tax returns on 7 July 2017. We expect to start paying refunds from 17 July 2017.
29/05/2017Tax Time 2017Find out about the key changes this tax time, our service commitment, what you can do to prepare, and things to consider before lodging to ensure your clients' tax returns are correct and to help prevent delays in processing.
26/05/2017Capped defined benefit income streams webinar - May 2017This webinar outlined the details of a capped defined benefit income stream and discussed how they are valued for transfer balance purposes.
26/05/2017Deferral option for AMIT obligationsA deferral of the lodgment due date for 2016 Attribution managed investment trust (AMIT) returns is available. If you have managed investment trust clients who have opted to use the AMIT regime you need to apply for the deferral. Find out what you need to do.
26/05/2017Elect to be non-deductible (or revoke election)If you are a fund that provides a defined benefit interest (excluding Commonwealth public sector superannuation schemes, or untaxed funds such as a constitutionally protected funds), you can elect to be a non-deductible fund or to treat the defined benefit interest within your fund as non-deductible.
26/05/2017New transfer balance cap - death benefit income streamsFrom 1 July 2017, the government will introduce a $1.6 million cap on the total amount that can be transferred and held in the tax-free retirement phase. The transfer balance cap rules apply differently to death benefit income streams.
26/05/2017Not-for-profit News Service - Webinar: Getting startedAttend our Getting started webinar and find out what’s involved in setting up a not-for-profit (NFP) organisation.
25/05/2017Protecting honest businessWe protect honest businesses and identify those gaining an unfair advantage by not paying their fair share of tax. One of our focus areas is businesses that deal largely in cash transactions as this provides dishonest businesses with a much greater opportunity to act unfairly.
24/05/2017Not-for-profit News Service - Are you getting the most out of your tax concessions?Tax concessions apply to certain types of not-for-profits so it's important to check your organisation's eligibility.
24/05/2017Public documents under consultationDetails of public documents currently subject to consultation.
23/05/2017Law changes for businessNew law means changes to small business tax concessions apply to more businesses. Find out what you need to do.
23/05/2017Rate change for franking creditsNew law means your business clients with a turnover less than $10 million may need to correct their shareholders franking credit information.
23/05/2017Super guarantee client health checkCheck list to ensure that super guarantee obligations are being met.
23/05/2017What is Manage ABN Connections?Manage ABN Connections is a secure login alternative to AUSkey for the Business Portal and other government online services. Find out how it affects you.
22/05/2017Changes to employee declarations for fringe benefits taxWe've updated five employee declaration forms for fringe benefits tax (FBT) to reflect changes to FBT laws starting 1 April 2016.
22/05/2017Finalised super changes LCGs availableA series of Law Companion Guidelines is now available to help you through the super changes.
22/05/2017Updated objection formWe have made changes to improve the Objection form – for tax professionals. Find out what has changed.