australian taxation office

Financial planning

Instilling debt discipline for generations to come

Financial planners have a ready audience in Generation Y, reports AMLIKA LAL....

Superannuation

ATO urges caution in selling pre-1999 SMSFs

The Australian Taxation Office has urged taxpayers to assess whether transitional rules apply if they sell pre-1999 self-managed superannuation funds with a related unit ...

Policy & Regulation

Dramatic rise in applications for release of tax debts in first half of financial year

The Australian Taxation Office is reporting a significant uptick in applications for release of tax debt as the downturn in the global economy continues to exert pressure...

Financial planning

The challenge of unearthing global capital

John Wilkinson considers the impact of the financial crisis on the agribusiness MIS sector....

Financial planning

Tax breaks stay, but the crop of horticulture projects dwindles

A troubled financial landscape and changes to agribusiness tax laws have delivered challenges for managed investment scheme operators. ...

Financial planning

Warning on illegal early access to super in tough times

The Association of Superannuation Funds of Australia has warned that widespread job losses in the current downturn may lead to an upturn in the number of illegal early ac...

Financial planning

Planners need to be alert as ATO renews scrutiny of service trusts

The Australian Taxation Office has confirmed that it has renewed its scrutiny of service trusts, particularly when partners in major firms earn less taxable income than t...

Policy & Regulation

Company tax debt a 'time-bomb waiting to go off'

The spreading of company tax debt is 'a time bomb waiting to go off', according to Hall Chadwick accountants and business advisers partner Richard Albarran....

Policy & Regulation

Degree to which downturn is hurting tax receipts revealed

New data released by the Australian Taxation Office has revealed the degree to which superannuation contributed to revenue in the boom times and the degree to which marke...

Financial planning

Year end tax strategies - Getting down to business

Financial planners will be advising clients on tax strategies, but they need to consider their own businesses too, writes Mariana von-Lucken....

Superannuation

SMSF creation is spiking says ATO

The Australian Taxation Office has pointed to a spike in the number of self-managed superannuation funds being established but cautions that more testing marketing condit...

Superannuation

ATO to monitor SMSF performance

The Minister for Superannuation and Corporate Law, Senator Nick Sherry, has asked the Australian Taxation Office to begin collecting data to enable the monitoring of the ...

Superannuation

Rumours of mandated minimum balances for SMSFs aired by Opposition

Shadow Superannuation Minister Chris Pearce shares a rumour of potential Government-mandated minimum balances for self-managed funds, but says such a move would represent...