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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CGT when spouses have different main residences - Tax Accountants Geelong
It can sometimes be the case that spouses can have different main residences at the same time. When this occurs, special CGT rules apply to in effect provide only one CGT main residence exemption over this period. However, important decisions and choices may need to be made to optimise the tax outcome in this case (or avoid an adverse outcome).
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Rental property owners: Top 10 tips to avoid common tax mistakes - Tax Accountants Fountain Gate
The ATO is reminding rental property owners that each year it sees some fairly common mistakes being made with tax claims, and the outcomes that result, in regard to investment properties. It has therefore released a list of the top 10 stumbles, and how best to avoid them.
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