- Tax Time 2016: take care with work and rental property claims .
- SMSF borrowing arm’s-length terms deadline extended.
- Lifetime $500,000 non-concessional superannuation cap
- ATO clearance certificates for property disposals
- Hotel owner liable to GST for accommodation supply
- ATO to make new decision on superannuation death benefit
Uncategorized
JUNE 2016 REPORT
- Tax incentives to promote innovation.
- Car expenses and special arrangements for the 2016 FBT year
- Holiday homes: tax considerations
- Individuals caught in “Panama Papers” leak
- ATO safe harbour for SMSF borrowings
MAY 2016 REPORT
- Tax Planning
- Deferring income
- Maximising deductions.
- Companies
- Trusts
- Small business entities
- Superannuation
APRIL 2016 REPORT
- Deadline looming for SMSF collectables compliance.
- Overseas student debts: repayment thresholds
- ATO data-matching for insured “lifestyle” assets
- Market value of shares is not the selling price –
- Individual not a share trader
- Small business restructures made easier
- Tax law changes to treatment of earn outs
MARCH 2016 REPORT
- Tax relief for small businesses that restructure on the way.
- Trust ABNs to be cancelled if no longer carrying on business
- Withholding tax for car allowances
- Travellers with student debts need to update contact details
- Small business tax concession refused as threshold test failed
- “Wildly excessive” tax deduction claims refused
- GST credits not available for payments on behalf of super funds
FEBRUARY 2016 REPORT
• Single Touch Payroll pilot and tax offset proposed
• GST simplified accounting methods for small food retailers Government’s Innovation Agenda contains tax incentives
• ATO data matching real property transactions
• Tax treatment of earnout rights on business sale
• Are your super saving goals on track?
DECEMBER 2015 – JANUARY 2016 REPORT
- Tax negotiation limited to known debt amounts
- CGT roll-over for small business restructures on the way
- ATO starts issuing “certainty” letters
- Government rejects SMSF borrowing ban recommendation
- Car expenses and FBT concessions on entertainment
NOVEMBER 2015 REPORT
- Unbundling phone and internet expense claims for work purposes
- Student loan debt recovery from overseas
- SMSF trustees warned to plan for cognitive decline
- Tax debt release application refused
- Retiring partner’s individual interest in net income of partnership
- ATO targeting ride-sourcing drivers and eBay on line sellers
OCTOBER 2015 Report
- Excessive deduction claims on holiday homes on ATO hit list
- Foreign property investors – reduced penalty period ending
- Payroll tax grouping – know the rules
- No GST credits for mining accommodation
- ATO’s proportionate compliance approach to SMSFs
- Find your small lost superannuation accounts
SEPTEMBER 2015 REPORT
- Small business tax discount on the way
- Ride-sharing provider challenges ATO’s GST view
- Crowdfunding for small proprietary companies: consultation
- SMSFs in pension phase need to exercise care
- ATO data-matching: immigration visa holders