australian taxation office

Policy & Regulation

Small business support dwindling for Government

Small business satisfaction for the Federal Government seems to be dipping, with many saying it does not understand issues impacting many sectors. ...

Superannuation

Rollover to SMSF a contribution

The ATO said rollover/benefit transfer to a self-managed super fund will be considered a contribution when it comes to the active member-test...

Superannuation

SMSF LRBA assets show huge surge

Improved data collection methods by the ATO shows SMSF limited recourse borrowing arrangements have risen to $8.3 billion from $2.6 billion in 2013....

Policy & Regulation

ATO issues Bitcoin guidance

The ATO said Bitcoin transactions should be considered as barter transactions with similar tax outcomes....

Superannuation

Multiple super accounts declining

New ATO data confirms most Australians have just one superannuation account....

Superannuation

SMSF sector strong despite critics

Claims that SMSF members are looking to return to mainstream funds are unfounded, according to SuperGuardian, Xpress Super chief executive, Olivia Long....

Superannuation

Industry fund facilitates SMSF exits

Industry fund CareSuper has partnered with accounting group Crowe Horwath to help facilitate exits from SMSFs....

Policy & Regulation

ATO renews crackdown on dividend washing

The ATO has announced it is entering its next phase of chasing up hundreds of taxpayers who may have entered into a dividend washing transaction....

Financial planning

Regulators told to toe the line with Government

Treasury issues ‘Statement of Expectations’ to ASIC and other Australian regulators, asking them to adhere to its broad policy framework....

Superannuation

ATO warns SMSFs are not set and forget

ATO deputy commissioner warns that SMSF trustees should not view their funds as “set and forget” exercises....

Policy & Regulation

Tax dodgers urged to confess

Australians who have dodged tax outside Australia have less than five months to voluntarily disclose or face going to jail under the ATO’s Project DO IT....

Funds management

Property investors failing to claim $17.5b in tax entitlements

Australian property investors are missing out on an opportunity to cut their taxable income by failing to correctly assess their property’s annual depreciation....