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Both Tax And Smsf Audits On Still On Ato’S Radar But Some Leniency Given

Both tax and SMSF audits on still on ATO’s radar, but some leniency given - Tax Accountants Mackay

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.

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Canberra Federal Budget 2020 2021

Federal Budget 2020-21

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.

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Smsf Regulations To Allow Six Members Under New Legislation

SMSF regulations to allow six members under new legislation - Tax Accountants Lidcombe

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.

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Covid 19 And Smsf Rental Relief

COVID-19 and SMSF rental relief - Tax Accountants Glen Waverley

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.

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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.

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Things To Do If You Are Self Employed

THINGS TO DO IF YOU ARE SELF EMPLOYED OR EMPLOYED BY YOUR OWN COMPANY

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 year

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