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Showing 551 - 560 of 959 results for "ATO"

Two-year road to Brexit begins

BENJAMIN ONG  |  THURSDAY, 30 MAR 2017
It's official. It's signed, sealed and delivered. Making good on the promise she made in October last year, UK prime minister Theresa May invoked Article 50 of the Treaty of the European Union formally setting in motion the two-year time limit for negotiations ...

ATO payroll system tracking unpaid super

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
... employers with more than 20 staff members will report salary and wages and Pay as You Go (PAYG) withholding amounts to the ATO in 'real time' or at the same time employees are paid. According to the ATO, there will be no changes to the way employers ...

Industry super attacks SMSFs

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2017
... at the returns and fully understand what they're signing up to," Anthony said. Anthony's comments come on the back of the ATO's most recent data, which ISA says shows that a four person SMSF with less than $2 million in assets is not a viable retirement ...

ASIC watching SMSF advice closely

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2017
... "real-time, on the ground picture" of the retirement advice that's currently being offered, utilising data provided by the ATO. "This is so that we can get a sense of where things are working well and where they're not, and we'll obviously communicate ...

Association and regulator join forces for industry benefit

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2017
... increasing the efficiency of dealings between the sector, regulator and government. "The collaboration of the association and ATO will ensure the delivery of high-quality education and information services for SMSF trustees and the wider financial services ...

ATO must reunite individuals with lost super: ASFA

EMMA RAPAPORT  |  MONDAY, 13 FEB 2017
... federal government to amend the Superannuation (Unclaimed and Lost Members) Act to enable the Australian Taxation Office (ATO) to return unclaimed funds directly to an individual's current active superannuation account. "One way to greatly improve the ...

ATO calls time on SMSF safe harbour rules

ALEX BURKE  |  MONDAY, 30 JAN 2017
The ATO is warning financial advisers that the safe harbour rules for limited recourse borrowing arrangements in self-managed super funds will be changing this week. Under the new rules, LRBAs must be consistent with either the safe harbour guidelines ...

Bus operator fails to pay super

EMMA RAPAPORT  |  MONDAY, 30 JAN 2017
... in Melbourne over chronic underpayment of super contributions by employers. Industry Super Australia (ISA) accused that the ATO of inaction against rogue employers who were holding back superannuation entitlements, claiming that as many as 30% of employees ...

Industry funds blame ATO for super underpayment

EMMA RAPAPORT  |  WEDNESDAY, 25 JAN 2017
... underpayment of super contributions by employers. At a Senate inquiry in Melbourne today, Industry Super Australia (ISA) stated the ATO's lack of action will mean workers will retire with tens of thousands of dollars less than they should. "It is disturbing ...

The era of the retirement consultant

JAMIE WILLIAMSON  |  MONDAY, 9 JAN 2017
... has more than $589,000 in super savings while 59% of these one million-plus members are aged 55 or older, according to the ATO. Many of these investors have already left larger super funds in an effort to take more control of their retirement decisions," ...