From 1 November 2021, where an employee has an existing superannuation account, that account will be "stapled" and follow the employee when they change jobs. Employers will need to request s...Read MoreRead More
During November and December, the ATO may contact tax practitioners to advise its intention to cancel their clients' Australian business number (ABN), where there is evidence they are no l...Read MoreRead More
Australia’s 2.7 million company directors can now apply for their new Director identification numbers (director ID). In the first few hours after the launch of service, more than 2,000 peo...Read MoreRead More
From 1 November 2021, if new employees start and they don't choose a super fund, employers may have an extra step to take to comply with choice of fund rules and request the employees’ s...Read MoreRead More
The ATO has produced website guidance on CGT exemptions for granny flat arrangements that gives eligible people the right to occupy a property for life started from 1 July 2021. To be elig...Read MoreRead More
The ATO on 13 October 2021 registered a notice that it will acquire AUSTRAC transaction report information data from AUSTRAC for around 9 million individuals each year for the period of ...Read MoreRead More
All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director identification number (director I...Read MoreRead More
The ATO has extended the availability of the "shortcut" rate set out in Practical Compliance Guideline PCG 2020/3 for claiming work-from-home running expenses to 30 June 2022.
This me...Read MoreRead More
On 22 September 2021, with effect from 1 July 2021 to 30 June 2026, the ATO issued Class Ruling CR 2021/62 (Quest Payment Systems Pty Ltd - evidence of a deduction for donations made to a ...Read MoreRead More
Revenue NSW has issued Practice Note CPN 021 setting out the treatment of superannuation contributions under the Payroll Tax Act 2007 (NSW). The Practice Note explains that employer cont...Read MoreRead More
