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Showing 331 - 340 of 1013 results for "Taxation"

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... SG obligations on a (lower) post salary sacrifice earnings base. "While employees salary sacrificing may obtain other taxation benefits, employees who salary sacrifice to boost their superannuation savings may end up with lower superannuation contributions ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... number of these cases came to the attention of the Tax Practitioners Board as a result of referrals from the Australian Taxation Office. Tax Practitioners Board chief executive Michael O'Neill said in some of the cases that have already been considered ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... deeply flawed." According to ISA, Grattan's modelling overstates the effect of the SG on wages, pension indexation and taxation "and assumes women, low-income and self-employed workers don't exist." ISA acting chief executive Matthew Linden said Grattan's ...

Record number of tax evasion reports

ELIZABETH MCARTHUR  |  FRIDAY, 21 JUN 2019
The Australian Taxation Office revealed its tip off line has been ringing off the hook this end of financial year as a record number of people report tax evaders. The ATO received nearly double the amount of referrals from the community about tax evasion ...

Labor proposal targets low income earners: Association

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 MAY 2019
... for over a million people deserve careful considered study within an overall review of the Australian superannuation, taxation and retirement income systems. Key principles of such a review would include fairness, adequacy, certainty and sustainabili ...

Income only falls by 11% in retirement: Grattan

KANIKA SOOD  |  TUESDAY, 16 APR 2019
... fall in their income after retiring. The think tank updated its retirement income projections to reflect the 2015-16 ATO taxation statistics and an adjustment to how voluntary pre-tax super contributions are captured in the model. Its new projections ...

New SMSF admin platform launches

KARREN VERGARA  |  TUESDAY, 9 APR 2019
... made its way into the SMSF sector, followed by $8.5 billion in 2017 and a further $8.6 billion last year. The Australian Taxation Office estimates there are more than 600,000 SMSFs.

Praemium loses major client

KARREN VERGARA  |  MONDAY, 8 APR 2019
... portfolios to Praemium, building on an existing relationship. Praemium will also provide portfolio administration and taxation reporting services for portfolios with international investments. Asgard Capital Management will renew its contract with Praemium ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... company tax payments, and 20% is due to increases in revenue from asset sales, interest received and dividends. Increasing taxation revenue from super funds accounted for less than 2% of the total increase in Commonwealth receipts. Receipts growing so ...

Board of Taxation reviews granny flat taxes

ELIZABETH MCARTHUR  |  MONDAY, 1 APR 2019
The Board of Taxation has commenced a review into the tax implications of granny flat arrangements. The board has recently consulted with stakeholders from within the Government including the Department of Social Services, Department of Human Services ...