ATO Focus on Non-Profit Organisations
The ATO has released a document setting out how it will apply compliance resources to organisations in the not-for-profit sector. As many...
SECOND HAND GOODS & GST
When goods are purchased from someone who is not registered or required to be registered for GST it is not generally possible for the...
Easier GST Reporting
Existing Small Businesses From 1 July 2017, small businesses generally will only need to report GST on sales (1A) GST on purchases (1B)...
New Super Changes
Superannuation changes passed by Parliament The government's extensive changes to the taxation laws regarding superannuation were passed...
Client Gifts
The ATO has confirmed that a taxpayer carrying on business is generally entitled to a deduction for expenses incurred on a gift made to a...
GST on low-value imports
Goods imported into Australia – often by consumers using the internet – which cost less than $1,000 are currently GST-free. On May 3...
SMSFs Loans (LRBAs)
The ATO has announced that it will be contacting some SMSF trustees in November 2016 to participate in a survey about the use of 'limited...
Living Overseas but Taxable in Australia
In a recent case, the AAT confirmed that a taxpayer was a resident of Australia for taxation purposes while he was living in Oman. The...