Allworths

October 1, 2014

Private companies need a capital management strategy too

Recent press coverage of special dividends and capital distributions from some of Australia’s largest listed companies has prompted a range of inquiries from clients who have […]
October 1, 2014

Small business benchmarking and the ATO

There has been increased ATO audit activity in the small business sector particularly where the ATO has used small business benchmarking. Benchmarks are financial ratios developed […]
October 1, 2014

Professional Firms to be under ATO scrutiny

  The Australian Tax Office (ATO) has issued draft guidelines for the risk assessment and audit selection for professional practices for compliance reviews related to 2014/2015 […]
June 23, 2014

Newsflash – SMSF SuperStream & New Penalties

SMSFs – SuperStream deferral We sent out a newsflash in March this year regarding the new electronic data and payment requirements of the ‘SuperStream’ system to […]
March 27, 2014

Viewpoint – Autumn 2014

New appointments We are very pleased to announce the appointment of two new members to the Allworths team, Colleen Hosking and Sophia Tong. Colleen joins us […]
March 27, 2014

SMSF’s – the SuperStream standard for contributions

SuperStream  is  a  government reform  aimed  at  improving the  efficiency  of  the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees […]
December 12, 2013

Viewpoint – Summer 2013

Christmas The office will officially close on Friday 20 December 2013, and re-open Monday 6 January 2014. We wish all our clients, colleagues and families all […]
December 6, 2013

Urgent Action – Tax benefits expire 1st January 2014

Small business (those with an aggregated annual turnover of less than $2 million), have only 4 weeks to take advantage of tax benefits of the  “Instant […]
September 23, 2013

Tax Office reacts to superannuation funds selling assets after entering pension phase

Tax Office reacts to superannuation funds selling assets after entering pension phase The ATO has issued a Draft Taxation Determination (TD 2013/D7) that self managed superannuation […]