The ATO released latest SMSF statistics The ATO has released its latest statistics on the SMSF sector. Assistant Commissioner Kasey Macfarlane said the annual Overview data shows that the sector continues to grow, with positive returns on assets and increasing fund and member numbers. In brief: In the five years to 2014/15, the number of […]
Recovering student loans from overseas residents
Recovering student loans from overseas residents Minister for Education and Training, Senator Simon Birmingham, has advised that from 1 January 2016, people who have benefited from Australian student loans, and who now live overseas will pay for them the same way as they would if they lived in Australia. ”Until now, people who took out […]
Extra time for foreign investors to register agricultural land
Extra time for foreign investors to register agricultural land The ATO has advised that foreigners who own land in Australia now have until 29 February 2016 to come forward and register their agricultural land holdings. Legislation that passed on 1 December 2015 now requires all foreigners with agricultural land holdings to enter their interest onto […]
Changes to being able to pre-pay tax
Changes to being able to pre-pay tax The ATO has advised practitioners that to make it easier for clients to manage their tax liabilities, they can now pre-pay their activity statement before the due date. In the past, the ATO automatically refunded credits from early payment. Now, a pre-payment made towards a tax liability before […]
ATO targets advisers involved in offshore tax evasion
ATO targets advisers involved in offshore tax evasion the ATO says that as part of its focus on offshore tax evasion, it has: visited seven adviser firms linked to offshore arrangements; and contacted more than 100 parents who had school fees paid from, overseas bank accounts. It has compiled a list of 100 advisers and […]
Trusts’ compliance with anti-avoidance rules reviewed
Trusts’ compliance with anti-avoidance rules reviewed The ATO has announced that it is reviewing selected trusts’ compliance with sections 100AA and 100AB of the ITAA 1936. These anti-avoidance rules are designed to prevent trustees using tax-exempt entities to shelter the trust’s net income. Specifically, it is looking at situations where a tax exempt entity is […]
Taxpayer misses out on small business CGT concession
Taxpayer misses out on small business CGT concession A taxpayer’s claim that a related trust was entitled to the small business 15-year exemption* was rejected because a loan from his trust had to be included in the net value of his CGT assets. Note:- To be able to satisfy the “maximum net asset value test”, […]
Withholding tax for car allowances
Withholding tax for car allowances Withholding tax for car allowances The ATO has reminded that from 1 July 2015, car expense deductions for individuals were simplified. Prior to 1 July 2015, there were four methods for claiming car expenses: Cents per kilometre – capped at 5,000 kms Logbook – unlimited kms 12% original value One- […]
Data Matching on Insured Assets
Data Matching on Insured Assets The ATO has just announced that it is starting a new “asset” data matching protocol, and extending another CGT and rental protocol that has been running successfully for the last ten years. Data matching on insurance taken out on certain assets owned by “wealthier” taxpayers The ATO has advised that […]
Bottrell Business Consultants Sydney
By Bottrell Group on February 25, 2016 in Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office
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Business Names of Bottrell Business Consultants
East Maitland
By Bottrell Group on February 19, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles, Motivation, The Bottrell Office, Uncategorized
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Gold Coast Business Accountants – Bottrell Accounting & Taxation
By Bottrell Group on February 19, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office
Our Business Accountants.. WE HELP YOUR BUSINESS GROW AND PROFIT MARGINS SOAR Bottrell Accountants, Tax Agents & Financial Planners – Your Gold Coast Business Advisory and Accountancy Firm. Are you looking for an accountancy firm that sees your business as more than just a number? We provide innovative and specialist business advice tailored to your […]
Bottrell Business Consultants Melbourne
By Bottrell Group on February 19, 2016 in Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office
Bottrell Business Consultants Melbourne Bottrell Business Consultants Melbourne BOTTRELL BUSINESS CONSULTANTS Providing expert Business and Accounting Advice to Melbourne Business Bottrell Business Consultants are passionate about getting the best out of Melbourne business. If you are looking for an accounting agency that will partner with you in your journey to business success, then we are […]
Bottrell Business Consultants Brisbane
By Bottrell Group on February 19, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office
Bottrell Business Consultants Brisbane Bottrell Business Consultants Brisbane HELPING YOUR BUSINESS REACH NEW HEIGHTS Bottrell Business Consultants – Brisbane’s Leading Business Advisory and Accountancy Firm Wondering how to take your business to the next level but no sure where to start? Do you know your business could do better with a little bit of extra […]
