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Superannuation guarantee amnesty introduced

 

The Government has introduced legislation to complement the superannuation guarantee ('SG') integrity package already before Parliament by introducing a one‑off, twelve-month amnesty for historical underpayment of SG.... (Read More...)

24 July

2018

Increased scrutiny of home office claims

 

Last year, 6.7 million taxpayers claimed a record $7.9 billion in deductions for ‘other work-related expenses’, which includes home office expenses.

 

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17 Oct

2018

Fast-tracking tax cuts for small and medium businesses

 

The Government has fast-tracked the already legislated tax cuts to small and medium businesses by bringing them forward five years.

 

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26 Nov

2018

 Company loans to shareholders under review 

 

The Government has released a consultation paper outlining proposed reforms to ‘simplify’ the loan agreements that are generally required when a shareholder (or their associate) borrows funds (or receives a payment) from a related company.

 

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24 Jan

2019

 Division 293 assessments 

 

The ATO has been issuing ‘Additional tax on concessional contributions (Division 293) assessments’ with respect to liabilities relating to the 2018 income year.

 

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14 Feb

2019