TaxWise News

Taxwise business news - June 2014 Add to cart

• the end of the financial year is coming
• changes to measures that were to be funded by the mining tax
• rescheduling the increase in superannuation guarantee rate
• changes to tax administration from the Budget
• measures affecting companies and trusts from the Budget
• fringe benefits tax
• farm management deposits
• superannuation
• changes to guidance from the ATO about the CGT small business concessions
• what’s new from the ATO?

Taxwise business news - May 2014 Add to cart

• budget measures affecting individuals and families
• changes to superannuation
• changes to tax administration
• measures affecting companies and trusts
• fuel excise.

Taxwise individual news - April 2014 Add to cart

• do you still need to do your tax return?
• various issues affecting 2013 returns
• ensure the IT5 and IT6 income tests labels are completed correctly
• think about what you might need to do before 30 June 2014 rolls around
• announced un-enacted Measures
• MRRT and carbon tax repeals and associated changes
• taxable payments annual reports and contractors in the building and construction industry
• working on an upcoming property transaction? Check the vendor's GST details
• employee share schemes and start-up companies
• FBT: otherwise deductible rules and salary sacrifice expense payment fringe benefit - TD 2013/20
• roreign employment income
• $900 cheques will no longer be issued
• changes to how super excess concessional contributions are taxed
• MySuper
• updates from the ATO.

Taxwise business news - February 2014 Add to cart

• announced un-enacted measures
• MRRT and carbon tax repeals and associated changes
• getting the company loss carry-back tax offset right
• ATO contacting businesses about taxable payments annual reports
• working on an upcoming property transaction? Check the vendor’s GST details
• getting ready for the superannuation data and payment standard
• MySuper
• SMSF “return not necessary” and cancellations
• requesting copies of tax documents from the ATO
• business communicator – December 2013
• ensure the IT5 and IT6 income tests labels are completed correctly
• small business benchmarks
• activity statement delay.

Taxwise business news - November 2013 Add to cart

• post-election 2013 – State of play
• income tax – Changes
• combatting “dividend washing”
• adjustment notes for GST
• payments of refunds of overpaid GST
• do you run a second-hand goods business?
• interaction between the otherwise deductible rule in FBT and the income tax law
• letters to directors of companies with overdue superannuation guarantee obligations
• information from the ATO about SMSFs

ATO Publications

Taxwise business news - September 2013 Add to cart

This issue of Taxwise covers:

• election 2013
• ATO compliance focus
• information for businesses and contractors in the building and construction industry
• combatting “dividend washing”
• annual pay as you go (PAYG) instalments
• tax avoidance schemes – warning to Investors from ATO
• employee share scheme rules under review
• capping of education expense deductions for employees
• applying small business CGT concessions – Avoid common errors
• income of a trust estate
• income tax rulings and determinations
• refunding excess GST
• proposal to abolish FBT statutory formula for cars
• international tax – Risks to the sustainability of Australia’s corporate tax base
• superannuation - Various

Taxwise individual news - September 2013 Add to cart

This issue of Taxwise covers:

• election 2013
• ATO compliance focus
• low income earners may still need to lodge a return
• Medicare levy rising to pay for DisabilityCare Australia
• updated ATO information on private health insurance rebate and Medicare levy surcharge
• net medical expenses tax offset phase out
• fid you receive an employment termination payment in 2013?
• sre you a denior or pensioner and a foreign resident? Are you entitled to a tax offset?
• information for businesses and contractors in the building and construction industry
• reporting of personal services income and business income
• capping of education expense deductions for employees
• proposal to abolish FBT statutory formula for cars
• are you a property owner?
• letters to directors with outstanding obligations
• combatting “dividend washing”
• tax avodiance schemes – Warning to investors from ATO
• employee share scheme rules under review
• tax advice provided by financial planners to be regulated
• Treasurer promises a 5 year freeze on superannuation changes
• Trans-Tasman super portability regulations made
• when a superannuation income stream commences and ceases – TR 2012/5
• useful ATO link.

2013 Pre-election Announcement Newsletter Add to cart

This newsletter contains Labor Party and Liberal Party pre-election tax related announcements such as:

• improvements for small business and GST
• abolition of the Mining Tax
• delay of the increase to the Superannuation Guarantee.

Taxwise business news - June 2013 Add to cart

This issue of Taxwise covers:

• the end of the financial year is coming!
• small business tax concessions and scrip for scrip roll-over strengthened
• company loss carry-back
• rules against tax avoidance
• capital allowances – Other machinery and equipment repair and maintenance assets
• do you do research and development?
• tax transparency and large and multinational businesses
• getting ready for changes to super
• self-managed super funds
• refunding excess GST exposure draft released
• tax invoices and adjustment notes
• failed payments and GST consequences
• reasonable amounts of food and drink expenses for living-away-from-home allowances
• PAYG – Various issues
• are you a director of a company?
• other useful ATO links.

Taxwise business news - May 2013 Add to cart

This issue of Taxwise covers:

• tax changes affecting individuals and families
• tax changes affecting companies and finance arrangements
• capital gains tax changes
• superannuation changes
• tax administration changes – various funding to the Australian Taxation Office
• other measures.