Extension in minimum drawdown rates
February 15, 2022 12:00 am Comments Off on Extension in minimum drawdown ratesThe temporary reduction in superannuation minimum drawdown rates (due to covid impact on earnings)has been extended to 30 June 2022.
Author Archives for wybenga_admin
ATO releases new guidelines to combat identity theft.
February 13, 2022 12:00 am Comments Off on ATO releases new guidelines to combat identity theft.ATO and the Tax Practitioners Board have developed new client verification guidelines for tax practitioners, with criminals using increasingly sophisticated attempts to steal taxpayer identities.
State and Federal COVID-19 support — February – 2022
February 11, 2022 12:00 am Comments Off on State and Federal COVID-19 support — February – 2022The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.
ATO reiterates tax system incentives
January 31, 2022 12:00 am Comments Off on ATO reiterates tax system incentives
ATO second commissioner Jeremy Hirschhorn has outlined the Tax Office’s commitment to ensuring a business-led recovery continues in the Australian market in the 2022 calendar year.
Single Touch Payroll (STP) – Phase 2
January 28, 2022 12:00 am Comments Off on Single Touch Payroll (STP) – Phase 2
Single Touch Payroll will be expanded from 1st January 2022, with additional requirements.
Increase in the number of SMSF members
January 25, 2022 12:00 am Comments Off on Increase in the number of SMSF members
On 1 July 2021, the maximum number of allowable members within an SMSF increased from four people to six people.
Unpaid client invoices placing greater pressure on SMEs
January 20, 2022 12:00 am Comments Off on Unpaid client invoices placing greater pressure on SMEs
The number of SMEs struggling due to late payments is still being felt, according to new research.
ATO provides further clarity on DIN process
January 19, 2022 12:00 am Comments Off on ATO provides further clarity on DIN process
The ATO and the SMSF Association have clarified some of the areas of confusion with respect to the director identification number process and outlined some of the ATO’s longer-term plans.
Beware section 99B
January 18, 2022 12:00 am Comments Off on Beware section 99B
Imagine this scenario: George, who lives in Melbourne and is aged 23, gets a call from his grandmother in Athens. Grandma says she is going to give him $100,000 for Christmas. George is ecstatic. With profuse thankfulness, George gives Grandma the bank details.
State and Federal COVID-19 support — January – 2022
January 17, 2022 12:00 am Comments Off on State and Federal COVID-19 support — January – 2022The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.
