The Government has announced a Superannuation Guarantee Amnesty for employers. The once-off, 12 month amnesty will set aside employer penalties for late payment of SG that are normally owed to the ATO, with employers only needing to pay all SG that is owed to their employees, including the rate of nominal interest. […]

From 1 July 2018, employers with 20 or more employees must comply with Single Touch Payroll (STP) obligations by utilising STP-enabled payroll software. The STP software sends payroll data to the ATO at each pay cycle. Currently PAYG withholding tax is reported to the ATO via the monthly or quarterly […]

When you sell new residential property, the final sale price is deemed to include GST which has to be passed onto the Tax Office. This will come as a surprise to many property investors who have built new premises (or heavily renovated a property) on land that they own. While […]

With the year-end already upon us now is a good time to go through our Year end Superannuation Checklist to ensure that you have your super under control. The following is a quick checklist of items that you should consider as part of your year-end SMSF Review CONTRIBUTION CAPS It […]

Deductions for a repair, maintenance or an improvement is an area that the ATO pays particular attention to in tax returns. For this reason, it is important that investors understand the difference. Repairs are considered work completed to fix damage or deterioration of a property, for example replacing part of […]