Clients Affected by Natural Disasters The ATO recognises that tax affairs are not a priority for individuals and businesses who have been affected by natural disasters and will be sympathetic to people trying to manage their affairs. If you or your clients are...

Superstream being ignored by some Superfunds Some Superfunds are ignoring the logic of SuperStream and sending threat letters to employers, which is getting out of control. The most effective way for an employer to embrace the efficiency of SuperStream is to use one...

  Governance Guide and Task Risk Management The ATO has developed a tax risk management and governance review guide for business. While aimed at large business, there are guidelines for small to medium businesses as well.    The ATO is encouraging...

  The law states that every business making a payment must check the validity of their suppliers. They must check that: 1. Suppliers have provided an ABN and that it is a valid ABN and it belongs to them.   2. Check that the supplier is allowed to charge ST....

Advice on Super Changes After 2016 Budget   The ATO Tax Practitioner Advisory Group meeting was held on Friday 20 May 2016   Proposed Superannuation Reform   If the proposed reforms are legislated: The lifetime cap will take effect from 7:30pm on 3 May...

Superstream – What are your options & obligations? SuperStream 2016 is a compulsory system of submitting Superannuation Payment information (standardised data) electronically. The information links the payment made by the employer to the employees account...