Super guarantee amnesty for employers

(13/03/2020) The super guarantee amnesty Bill has finally received Royal Assent which means that the amnesty for employers to come forward to declare any super guarantee (SG) shortfalls will run from 24 May 2018 to 7 September 2020. Under the super guarantee amnesty,...

Tax Tips for Individuals

Although your tax return is not due for a few months yet, the end of the financial year is nearing…have you captured all your work-related deductible expenses to make the most of your 2020 tax return? Income The Australian Taxation Office (ATO) automatically receives...

Is the ATO blocking you?

(06/03/2020) Have you tried to contact the ATO and were unable to get through to speak to an officer or was outright blocked? Well, you’re not alone, according to the latest figures released (year to date 31 December 2019), the ATO failed at its target of answering...

SMSF annual returns: avoid the top 5 mistakes

(06/03/2020) For anyone with a self-managed super fund (SMSF) at 30 June 2019 or has wound up an SMSF during the last financial year, your SMSF annual return for 2018-19 may be due. This annual return must be lodged with the ATO even if your SMSF does not have a tax...

Scam targeting natural disaster victims

(28/02/2020) Victims of the recent natural disasters beware, there is an SMS scam circulating that purports to give you “an 8% bonus” on your 2020 tax return. The scam urges victims to start the process by filling out a form and provides a link to a what looks like...