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Overview  The NSW government has introduced a surcharge on residential land held by or associated with a ‘foreign person’ from the 2017 land tax year. This […]

Overview  The 2017 Federal Government Mid-Year Economic and Fiscal Outlook (MYEFO) announced that from 1 July 2017, the Government will allow the ATO to disclose tax […]

Please click on the link below – Updated Fuel Tax Credit Rates 2 February 2015

There are many wise sayings when it comes to managing money, such as ‘If it looks too good to be true then it probably is’. In […]

Pursuant to the Corporations Act, a creditor that is owed more than $2,000 is eligible to issue a statutory demand against a company requiring it to […]

  For every property transaction that you make there may be a GST consequence you need to consider. If you are making transactions involving property you […]

The tax office says $14 billion in lost super is waiting to be claimed. Does some of this relate to you or your family members? The […]

The ATO’s Project DO IT (Disclose Offshore Income Today) offers taxpayers with unreported income from offshore investments, the opportunity to make a full voluntary disclosure. In […]

ATO activity statements will be due on 28 October 2014 for those who lodge and pay on a quarterly basis. These first quarter statements need to […]

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 […]

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 […]

  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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]