Collins Hume24 hours agoTax Time Targets — RecordkeepingWith tax season upon us the ATO has revealed its four areas of focus this tax season. We start with recordkeeping requirements.
Collins HumeMay 29ATO turns up heat on directorsThe ATO warns directors potentially in breach to ensure the company they represent meets PAYG withholding, SGC and GST obligations.
Collins HumeMay 23Can I claim a tax deduction for my gym membership?Can you claim a deduction for your gym membership? The administrative appeals tribunal clarifies.
Collins HumeMar 14Trusts and Trust DistributionsThe ATO released guidance that targets how trusts distribute income. Many family groups will pay higher tax as a result of this new approach
Collins HumeFeb 27Professional Services Firm ProfitsThe ATO’s finalised position on the allocation of profits from professional firms starts July 2022 with two gateway tests.
Collins HumeNov 21, 2021Spotlight on overseas gifts and loansThe ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws.
Collins HumeNov 17, 2021Video: Applying for a Director IDDirectors of all Australian companies need to apply for and verify their identity as part of a new statutory requirement to have a DIN.
Collins HumeNov 14, 2021Video: Cryptocurrency and taxChristopher Atkinson discusses the latest guidance from the ATO in our video summary of the commonly asked questions about cryptocurrencies.
Collins HumeNov 10, 2021Tax and the Normalisation of CryptocurrencyThe Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
Collins HumeOct 13, 2021SMSF COVID-19 Audit Relief ExtendedSMSF relief measures that protect trustees from COVID-19 related contraventions of super laws now extend from FY 2019-20, 2020-21 & 2021-22.
Collins HumeSep 26, 20211 November superannuation rule changesRecruiting new employees? Find out how 'stapled super funds' will work from 1 November 2021.