The following is a breakdown of the major parts of the Federal Budget delivered last night by the Treasurer, Josh Frydenberg.
Source: Budget.gov.au
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Anybody who has a Fringe Benefits Tax obligation should take an odometer reading of motor vehicles.
New guidance has been released on best practice principles for debt notifications in response to the re-activation of old debts by the ATO.
The ATO has developed quite a number of benchmarks to help small businesses develop an idea of their performance compared to similar businesses in the same industry.
The Aged Care Taskforce was asked to report on how to fund aged care around the country. In so doing, it took a side in Australia’s national tax ‘tragedy.’
A recent Federal Court ruling has found that the transfer of super from a husband to his wife’s superannuation account is no longer protected as an interest of the bankrupt in a regulated super fund under the Bankruptcy Act 1966.
More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the same value for at least three income years.
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