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Showing 1 - 10 of 100+ results for "Australian Tax Office"

YFYS will impact advisers too

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 SEP 2021
... have to be ready to answer different questions from clients, particularly as people get used to using the Australian Tax Office's new performance comparison tool. Parker suggested the YFYS performance test could have a positive impact in terms of making ...

ATO will not pursue erroneous JobKeeper payments

KARREN VERGARA  |  MONDAY, 13 SEP 2021
The Australian Tax Office announced it will not pursue businesses that took advantage of JobKeeper despite raking in large profits, nor will it ask small businesses to repay $180 million claimed in error. The ATO revealed that over one million businesses ...

Criminal charges in property investor collapse

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
... advice to retail investors. In 2016, the companies were placed into liquidation with $26 million owing to the Australian Tax Office. Marlborough was charged with 21 counts of trading while insolvent,10 counts of dishonestly using his position as a director ...

Boutique bolsters ESG team

ELIZABETH MCARTHUR  |  TUESDAY, 7 SEP 2021
... where she was also a sustainability manager. Earlier in her career El-Khoury worked as an analyst at the Australian Tax Office and Deloitte Access Economics. Merlon lead portfolio manager Neil Margolis said El-Khoury's appointment will support the firm's ...

New investment model for affordable housing proposed

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... tax position is established, and in case of negative tax liability RTOs provide for cash payment from the Australian Tax Office. In this case, the payments would be made by Treasury. While it would be a new program in Australia, Hamilton cautioned that ...

EOFY tips for advisers

KARREN VERGARA  |  WEDNESDAY, 30 JUN 2021
... substantial taxable profit into a tax loss. This only works for companies but not sole traders," he said. The Australian Tax Office classifies a small business as one with a turnover of less than $10 million. "So, a company that buys an asset that in ...

GBST improves compliance checks

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
GBST has upgraded its solution to make it easier for superannuation funds to identify members and meet Australian Tax Office tax obligations. GBST Digital now allows super funds to integrate ID verification in their systems without compromising the ...

ASIC changes ETF market maker rules

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
... As part of the review that led to this change, ASIC consulted with ETF issuers and market makers, and the Australian Tax Office. After reviewing the local authorised participant requirement and consulting stakeholders, ASIC found that the local authorised ...

Superannuation assets hit $3.13tn

KARREN VERGARA  |  WEDNESDAY, 26 MAY 2021
... government's JobKeeper program ended, employer contributions of $24 billion decreased by 1.1%. The latest Australian Tax Office's statistics show that there are 597,396 SMSFs at the end of March. The number of SMSF members stood at 1.12 million and during ...

Increase to super contribution cap

ELIZABETH MCARTHUR  |  TUESDAY, 6 APR 2021
Just before the Easter long weekend the Australian Tax Office confirmed an increase to superannuation contribution caps. From 1 July 2021, the annual concessional contribution cap will increase from $25,000 to $27,500. "Australians will be able to put ...
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