While the ATO has lately been focusing on the rollout of stimulus measures, it has also flagged that audit work is not off the table completely.
We all understand that budgets are an exercise in predicting the future. Given what has happened in 2020, gazing into the crystal ball and extracting something reliable is fraught with difficulty.Read more
A bill has been introduced into Parliament that partially implements a measure to allow an increase in the maximum number of allowable members in self-managed superannuation funds and small APRA funds from four to six.Read more
The Federal Government announced a six-month moratorium on evictions of commercial and residential tenants during the COVID-19 health pandemic. This moratorium (and its accompanying code of conduct leasing principles) will inevitably affect SMSFs, which are reasonably heavily invested in real property, according to statistics.Read more
Has your super fund got you covered for insurance? With COVID-19, maybe not - Tax Accountants Dandenong
From 1 July 2019, the government adopted new rules that aim to prevent the unnecessary erosion of people’s retirement savings through inappropriate insurance arrangements.Read more
Your 9.5% super guarantee contributions must be received by your Super Fund by 28 July to avoid penalties. If you pay by 30 June then they are deductible in this current yearRead more