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16/07/2018CRT Alert 065/2018 - Log in to check ATO Compassionate release noticesLarge super funds should log into the portal file status screen to check if you have received any ATO compassionate release notices.
16/07/2018Illegal early release of superWe issued a media release warning the public about a recent scam where promoters are encouraging people to illegally access their super early. It's important to remind your members that if they're approached by a promoter, they should seek advice from a professional advisor or check with us.
16/07/2018Lodging your quarterly activity statementIf your organisation reports and pays your GST obligations quarterly, your next activity statement is due on 28 July 2018, but as this is a Saturday, you need to lodge and pay by 30 June 2018.
16/07/2018Reporting BSWAT paymentsYour clients may claim a tax offset if they received a Business Services Wage Assessment Tool (BSWAT) payment. You must include additional information in their tax return so we can calculate their offset to reduce their tax.
16/07/2018The economic impact of potential illegal phoenix activity reportThe Phoenix Taskforce aims to reduce the impact of illegal phoenix activity and protect businesses, employee entitlements and public revenue.
16/07/2018Using stock for private useRemember to ask your business clients if they use stock for private use. The value of this stock is part of their assessable income, and must be included on their tax return.
16/07/2018Wine equalisation tax changesWine equalisation tax (WET) changes are in full operation. Find out what we are doing to support your clients to make the changes and where you can find more information.
13/07/2018Matters under consultationMatters we are consulting the community on, including their current status and purpose, who we are consulting, and when they are expected to be completed.
13/07/2018Two clicks at Tax Time and your Super is sortedThe Australian Taxation Office (ATO) is urging all taxpayers to take a few moments to check their super while they are using ATO online services through myGov this tax time.
13/07/2018Westfield Group - takeover by Unibail-Rodamco SE (2018)Tax information for Westfield Group stapled security holders.
12/07/2018GST at settlement - a guide for purchasers and their representativesOn or after 1 July 2018, certain suppliers of residential premises or potential residential land must notify their purchasers whether or not they need to withhold from the price of the supply for payment to us
12/07/2018GST at settlement - a guide for suppliers and their representativesOn or after 1 July 2018, certain purchasers of new residential premises or potential residential land will be required to withhold an amount from the price of the supply for payment to us.
12/07/2018Individuals tax gap of $8.7 billion highlights need for actionToday the Australian Taxation Office (ATO) has published the income tax gap for individuals not in business. The gap is an estimate of the difference between the tax the ATO collects and the amount that would have been collected if every one of these taxpayers was fully compliant with the law.
12/07/2018Registered agents providing a payroll serviceInformation about Single Touch Payroll (STP) for registered agents providing a payroll service.
12/07/2018Updated Company tax guide for not-for-profitsThe updated not-for-profit company tax guide for the 2017-18 financial year is now available on our website.
11/07/2018Geraldton woman sentenced to 12 months for failing to lodge 91 tax returnsA 65-year-old Geraldton woman has been ordered to lodge her outstanding 91 returns and sentenced to a 12 month suspended sentence in prison for repeatedly failing to lodge Business Activity Statements (BAS) and income tax returns.
11/07/2018Release authority streamlining updateFrom July 1 2018, there are changes to the approach to releasing amounts, a temporary timeframe extension for return and payment of streamlined release authorities, and updated excess concessional contributions determination (ECC) and excess non-concessional contributions determination (ENCC) instructions.
11/07/2018Watch out, scams about!As Tax Time 2018 begins, the Australian Taxation Office (ATO) is warning taxpayers to be on high alert for tax-related scams.
10/07/2018GST at settlementThis information explains the amendments to GST law that affect certain supplies of residential premises and potential residential land, from 1 July 2018.
10/07/2018Illegal early release of superInformation for self-managed super fund (SMSF) trustees following our media release about the recent promotion of illegal early release of super schemes.
10/07/2018No changes this year: SMSF independent auditor’s report formWe only reissue the Self-managed super fund (SMSF) independent auditor’s report form when changes are made. There are no changes to the current form, so SMSF independent auditors can continue to use the version available on our website.
10/07/2018PAYG Withholding variation for income stream beneficiaries who turn 60 during the financial yearThe rules for calculating varied PAYG withholding amount for income stream beneficiaries who turn 60 during the financial year as outlined in CRT Alert 056/2018.
09/07/2018Claiming the $20,000 instant asset write-off?To prevent under claiming for your clients, make sure you apply all the simplified depreciation rules. Find out how.
09/07/2018Draft guidance on transfer pricing issues publishedWe've issued more guidance to help businesses with their transfer pricing obligations in relation to centralised operating models.
09/07/2018Save time with our myDeductions toolIf you have clients with simple affairs looking for a quick and easy way to manage their records, let them know how the myDeductions tool can help them. It can also save you time.
09/07/2018Secure and private informationWe create and maintain a secure environment for the protection of your personal information and records. When we collect this information from you, this is kept safe and secure. We use security safeguards to protect information from loss, unauthorised access, use or disclosure.
09/07/2018The lower company tax rateThe lower 27.5% tax rate continues to apply to base rate entities as defined under the current law. Find out how to complete your clients’ 2018 company tax returns correctly.