Super Downsizer Scheme Common Errors - Tax Accountants Lidcombe
The super downsizer scheme started on 1 July 2018 and has allowed older Australians to sell their homes and contribute up to $300,000 of the proceeds from the sale into super.
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Lost or destroyed tax records? Don’t panic - Tax Accountants Hoppers Crossing
Now and then, taxpayers may find themselves in a situation where they simply have no records to back up a tax claim. There can be many reasons for this, such as losing documents when moving home (either paper or electronic), or technology failures that end up with the same result (or at worst even destroy records).
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SMSF event-based reporting: What needs to be reported, what doesn’t - Tax Accountants Hobart
Since event-based reporting started for SMSFs from 1 July 2018, the ATO says that for the larger part, SMSF trustees have mostly adjusted to the new requirements.
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An FBT reporting exclusion for personal security concerns - Tax Accountants Hervey Bay
The ATO has plans in place that it can put into operation to relieve certain employers from reporting all the fringe benefits they provide to staff. The measure however is only triggered where it can be shown that employees’ personal safety is at risk or under threat.
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Fictions (and facts) about work expense deductions - Tax Accountants Gosnells
There can be varied sources for some of the myths about tax deductions —pub-talk, BBQ-banter, hairdresser-homilies, what-your-taxi-driver-just-heard and many others. We sort out fact from fiction.
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The SMSF sector is growing by $23,200 every minute - Tax Accountants Geelong West
The latest statistical report from APRA has been released (here’s a link to download it — https://bit.ly/2kIH9Oz), which of course mainly focuses on the APRA-regulated superannuation funds in the retail and industry sectors.
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