Treasury on 29 June 2021 issued a media release stating that the ATO will launch its New Investment Engagement Service (NIES) on 1 July 2021. The purpose of the NIES is to provide foreign ...Read MoreRead More
On 16 June 2021, the ATO issued TR 2021/2 on when a car parking benefit is provided for FBT purposes. It replaces the previous Ruling on this topic, TR 96/26, which was withdrawn when TR 2...Read MoreRead More
The Commissioner has gazetted 2 notices for the following data-matching programs:
The Notice of Data Matching Program - Novated Leases 2018-19 to 2022-23 financial years enables the A...Read MoreRead More
On 1 July 2021, the super guarantee rate will rise from 9.5 per cent to 10 per cent. Some pay periods will cross over between June and July when the rate changes.
The ATO advises that t...Read MoreRead More
The ATO has updated the car cost limit for depreciation for the 2021-22 financial year to $60,733 (previously $59,136). The car limit is indexed annually in line with movements in the CPI ...Read MoreRead More
The ATO says that it will be writing to around 100,000 taxpayers with cryptocurrency assets explaining their tax obligations and urging them to review their previously lodged returns. It a...Read MoreRead More
The Acting Premier has announced that the Victorian restrictions will continue for a further seven days for Greater Melbourne with an easing of restrictions for regional areas. The aut...Read MoreRead More
The superannuation guarantee rate will increase from 9.5 per cent to 10 per cent on 1 July 2021.
Employers will need to ensure their payroll and accounting systems are updated to incorp...Read MoreRead More
The AAT has decided that the profit arising from the subdivision of a property into 2 lots and the sale of those lots was assessable as ordinary income.
In August 2016, Yvonne McCarthy an...Read MoreRead More
The ATO has reminded taxpayers of the 3 different methods to calculate WFH running expenses:
an all-inclusive rate of 80 cents per work hour at home for all working from home expenses...Read MoreRead More
