Author : intesolsdev

Practice Update December 2024 covers following points: Can staff celebrations attract FBT? Reminder of December 2024 Quarter Superannuation Guarantee ('SG') ATO's tips for small businesses to 'get it right' SMSFs cannot be used for Christmas presents! Taxpayer's claims for various 'home business' expenses rejected ATO reminder about family trust elections Click here for Practice Update...

Practice Update November 2024 covers following points: Hiring employees for the festive season Lodging and paying business activity statements (‘BASs’) Deductions for financial advice fees ATO’s notice of government payments data-matching program FBT on plug-in hybrid electric vehicles Eligibility for compassionate release of superannuation AAT rejects taxpayer’s claims for work-related expenses Click here for Practice…

Practice Update October 2024 covers following points: Avoid a tax time shock Reminder of September Quarter Superannuation Guarantee (‘SG’) myGovId changing its name to myID ATO security safeguards for victims of fraud recently enhanced Valuing fund assets for SMSFs ATO’s notices of data-matching programs Click here for Practice Update October 2024

Practice Update September 2024 covers following points: Taxpayers can start lodging their tax returns Business self-review checklist: GST classification of products Receiving payments or assets from foreign trusts Storing correct records for work-related expenses Tax incentives for early stage investors Penalties imposed on taxpayer who falsely amended tax returns Click here for Practice Update September…

Practice Update August 2024 covers following points: ATO’s tips for correctly claiming deductions for rental properties Notice of online selling data-matching program Small business energy incentive available for the 2024 income year Importance of good record keeping SMSFs acquiring assets from related parties Federal Court overturns AAT’s tax resident decision Click here for Practice Update…