ATO Website Updates – August 23, 2018

Here’s the latest ATO Website Updates as of August 23, 2018. • Funds can accept downsizer contributions — reminder that as of 1 July 2018 superannuation funds are able to accept downsizer contributions. • Corporate tax transparency data will be published again later this year — ATO to publish tax information of certain corporate tax entities as required by […]

ATO Website Updates- August 17, 2018

Here are the latest ATO Website Updates as of August 17, 2018. • Are you across the 2016 and 2017 Super reforms? — information on the 2016/2017 super reforms for large super funds. • What you need to provide for a GST streamlined assurance review — information for those taxpayers who have been selected for GST streamlined assurance reviews. […]

Online Accommodation Providers to be Data Matched

Individuals that have or may be engaged in providing accommodation services through an online platform will have that data collected by the ATO. The data will range from the 2016/17 to 2019/20 financial years. The details provided to the ATO will be linked via Australian bank information to the necessary taxpayers where applicable. For many […]

ATO Website Updates : August 13, 2018

Here’s the latest ATO Website Updates as of August 13, 2018. • Matters under consultation – information on matters the ATO is consulting the community on, including their current status and purpose, who the ATO is consulting, and when they are expected to be completed. • Checking for known system issues – information on steps, users you can take […]

ATO Website Updates — August 09, 2018

Here are the latest ATO Updates as of August 09, 2018. • Latest news on tax law and policy — Details of proposed changes to tax and superannuation legislation and policy, and how the ATO proposes to administer the changes. • Advice under development — income tax issues — ATO advice and guidance being developed on income tax issues. […]

ATO Website Updates — Superannuation August 06, 2018

• CRT Alert 066/2018 – Advice for funds where members have a market-linked pension — This alert provides information for funds where an individual was receiving a life expectancy or market-linked pension just before 1 July 2017 which was a capped defined benefit income stream. • Super contributions and associated reporting obligations — Super providers can find guidance about […]

Revised ATO Guidance on Small Business Company Tax Rate

Practical Compliance Guideline PCG 2018/D5 The ATO has updated its preliminary guidance on the compliance approach to whether small business taxpayers use the appropriate company tax rate for the 2015/16, 2016/17 and 2017/18 income years. Draft Practical Compliance Guideline PCG 2018/D5 extends the application of, and replaces, draft PCG 2017/D7, which dealt with how small business taxpayers who […]

ATO Website Updates — July 25, 2018

Here is the latest ATO Updates as of July 25, 2018 • International transfer pricing — introduction to concepts and risk assessment — Explains the basic concepts underlying international transfer pricing and when a business may face a transfer pricing review or audit. • Draft ruling published on fringe benefits tax and benefits provided to religious practitioners — The […]

ATO website updates — July 20, 2018

Here are the latest ATO Update as of July 20,2018. • Tips for keeping good records — tips, tools and services for small business taxpayers to keep good records. • Individuals and sole traders — updated information on ATO online services for individuals and sole traders. • Single Touch Payroll (STP) — compilation of news, events and fact sheets on the […]