Wash sale arrangements under scrutiny
The ATO is warning taxpayers not to engage in ‘asset wash sales’ to artificially increase their losses in order to reduce capital gains or expected gains. It cautions that they are a form of tax avoidance.
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ATO focus on rental property income and deductions
Income and tax deductions from rental properties is one of the four key areas that the ATO is focusing on this Tax Time.
STP year-end finalisations ... due soon!
Employers need to make STP finalisation declarations by 14 July each year. As your registered agent, we can assist you in this important, upcoming process.
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Scam myths
In the past 12 months, the ATO has identified and taken action against 595 websites impersonating its online services. These fake sites are designed to steal passwords, personal information and identity documents, such as passports and driver licences.
ATO tax time focus for small business
The ATO has released a tax time tool kit to assist businesses and us as your tax advisor to nail your 2021/22 business tax return.
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Last minute trust distributions and record keeping
In late June, the ATO released their ‘100A guidelines’ provided in respect of the 2021/22 income year (‘Managing section 100A for the 2021–22 income year’).
Read moreOur Management Credentials
