Inflation edges lower while GDP grows but slows
February 18, 2023 12:00 am Comments Off on Inflation edges lower while GDP grows but slows
The latest figures from the ABS reveal economic growth last year and show inflation coming off its peak.
Author Archives for wybenga_admin
One in seven SMSF directors yet to apply for ID
February 17, 2023 12:00 am Comments Off on One in seven SMSF directors yet to apply for ID
Around 100,000 SMSF directors still need to apply for their director ID despite the deadline passing two months ago. Extensions are available for legitimate reasons.
Australian equities retain grip on SMSF assets
February 16, 2023 12:00 am Comments Off on Australian equities retain grip on SMSF assets
The largest portion of the SMSF investment pool is held in domestic shares, according to a recent survey.
Residential rental properties
February 14, 2023 12:00 am Comments Off on Residential rental propertiesIf you rent out property, you need to:
ATO figures reveal final 2022 DPN tally
February 11, 2023 12:00 am Comments Off on ATO figures reveal final 2022 DPN tallyAfter a slow start in May, figures show how the office went up through the gears with director penalty notices.
ATO issues fresh warning on illegal early access schemes
February 9, 2023 12:00 am Comments Off on ATO issues fresh warning on illegal early access schemesWith illegal early access schemes on the rise, the Tax Office has issued a fact sheet warning super members about the promoters of these schemes.
100A ruling leaves trust decisions haunted by ‘uncertainty’
January 31, 2023 12:00 am Comments Off on 100A ruling leaves trust decisions haunted by ‘uncertainty’The ATO fails to resolve the key question of what constitutes “ordinary family and commercial dealing”, tax professionals say.
Raids stop $33m in tax avoidance, ATO claims
January 27, 2023 12:00 am Comments Off on Raids stop $33m in tax avoidance, ATO claimsCharges are pending following an operation with the Australian Federal Police (AFP) that uncovered 70 sales systems using suppression technology.
ATO plans publicity campaign for final Work From Home guidance
January 24, 2023 12:00 am Comments Off on ATO plans publicity campaign for final Work From Home guidance
More demanding record-keeping requirements in the November draft have been in place since 1 January.
Downsizer age reduction now in force
January 24, 2023 12:00 am Comments Off on Downsizer age reduction now in forceWith the eligibility age for downsizer contributions now age 55, the SMSF Association has highlighted some important considerations for younger clients looking to use the measure.
