Regulatory Roundup – July 2019
New labels in the 2019 SMSF annual return The SMSF annual return for 2019 has a number of new questions and labels that SMSF practitioners…
Articles
Read MoreRegulatory Roundup – July 2019
FBT returns, employee declarations, and a looming deadline
An employee declaration is written advice given to an employer by their employee containing information relating to the fringe benefits staff have received. A business…
Records for claiming work-related expenses
When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to earning your income. To successfully…
Personal deductions for car parking expenses
Car parking fees incurred in the course of producing assessable income are generally deductible, but special rules apply if the car is used by an…
Essentials on taxable payments annual reports
Operators in some Australian industries as well as select government entities are required by the ATO to lodge a taxable payments annual report (TPAR). The…
ATO actions on trusts and tax avoidance
The ATO says that it recognises that most trusts are used appropriately and for legitimate purposes. It says it will continue to help those who…
Main residence CGT exemption when there is no “residence”
There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does…
Client Newsletter – June 2019
Records for claiming work-related expenses When completing your tax return, you’re entitled to claim deductions for some expenses, most of which are directly related to…
Regulatory Roundup – June 2019
EOFY last-minute tax planning tactics for individuals This financial year is almost over, but there are still tactics you may be able to employ to…