Bottrell Accountants, Financial Planners & Tax Agents

East Maitland Accountants & Financial Advisors, Newcastle Accountants & Financial Advisors

ATO reviews the legitimacy of not-for-profit set ups

ATO reviews the legitimacy of not-for-profit set ups ATO reviews the legitimacy of not-for-profit set ups The ATO is reviewing arrangements by taxpayers located primarily in northern NSW and southern Queensland who may be incorrectly claiming to be a not-for-profit organisation in order to avoid paying tax. Assistant Commissioner Scott Parkinson said that the ATO […]

Port Stephens oysters ‘no food risk’ after Williamtown contamination

Port Stephens oysters ‘no food risk’ after Williamtown contamination: NSW Chief Scientist TESTING on Port Stephens oysters has indicated that they pose no food safety risk, according to the office of the NSW Chief Scientist. Fishing and oyster harvest bans have been in place around the Tilligerry Peninsula for nearly a month after toxic perfluoro-octane […]

Typical ‘Self Managed Superfund’ Profile

Typical ‘Self Managed Superfund’ Profile Typical self managed superfund profile The latest ATO statistics on SMSFs highlight some interesting observations that can be made about the current batch of SMSF trustees. The total amount of wealth owned via SMSFs is over $500 billion, just under a third (31.2%) of all money invested via superannuation funds. […]

Tax scam: non-residents with rental properties

Tax scam: non-residents with rental properties NSW Fair Trading Minister, Stuart Ayres, has warned people to be wary of tax scams and they should be reported to the ATO. Mr Ayres said NSW Fair Trading had recently received a report of a scam letter featuring fake ATO branding (as well as branding from other revenue […]