by epoch | Oct 2, 2019 | eNews
The ATO’s recently released interpretation of the tax treatment of capital gains distributed by an Australian discretionary trust to non-resident beneficiaries will have a significant negative impact for some. Two new determinations released by the ATO deal with the...
by epoch | Oct 2, 2019 | eNews
The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to “self-correct.” This time however, the incentive of the amnesty is strengthened by harsh penalties for those that...
by epoch | Sep 3, 2019 | eNews
Five years ago the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged under-reporting as an issue. However, this time, the gloves are off. How you are taxed and what you are taxed on...
by epoch | Sep 3, 2019 | eNews
It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense in the real world does not always make sense for the Australian Taxation Office (ATO). In general,...
by epoch | Sep 3, 2019 | eNews
Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. These new figures give visibility to tax compliance issues within the small business sector and indicate where we can...
by epoch | Aug 7, 2019 | eNews
The Australian Taxation Office (ATO) has been inundated with calls from taxpayers wanting to know where their money is and how they can access the $1,080 they now believe is owing to them. To date, more than 1.3 million returns have been processed with more than $3...
