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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Fears of Div 7A danger from COVID-relaxed loan repayments unfounded - Tax Accountants Hoppers Crossing
The ATO has clarified its position regarding loans, and the repayments of loans that may have been put on hold for the period that COVID-19 has a grip on the economy and our lives.
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Electronic execution of documents during COVID-19 - Tax Accountants Hobart
The COVID-19 pandemic has prompted state and territory governments to temporarily ease the manner in which documents are executed.
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New data matching programs initiated by Federal Government - Tax Accountants Hervey Bay
Over the first quarter of this financial year, the government has initiated two new data matching programs, using data that the ATO holds.
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JobKeeper rules, conditions and payment rates have changed - Tax Accountants Gosnells
Legislation has been put in place to extend the JobKeeper scheme beyond its original sunset date, although the rates of payment and certain other details have been altered. The scheme is now to run until March next year, with one version lasting until 3 January and another version in place from then until 28 March.
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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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