Our latest eNewsletter includes information on the following topics:
ATO small business benchmarks updated:The ATO has announced the latest benchmarks for small businesses.
SMSF early voluntary disclosure service for contraventions: The ATO has introduced a new SMSF early engagement and voluntary disclosure service.
New tax governance guide for SMSFs: The ATO has released a new tax governance guide that can be used by SMSFs.
Property developer entitled to capital gain tax concession: A property developer has been successful in arguing that a property sold for a profit had been acquired as a capital asset.
Help the kids buy homes, but watch for land tax: A father has been unsuccessful in a land tax dispute in arguing that he was a trustee in relation to homes bought for his adult children.
Changes to $500,000 lifetime super cap confirmed: The Federal Treasurer says there will be some changes to the proposed $500,000 lifetime cap on non-concessional super contributions.
ATO flags retirement planning schemes of concern: The ATO has launched the Super Scheme Smart initiative to warn people about problematic retirement planning schemes.
Deductibility for gifts to clients and airport lounge membership fees: The ATO has clarified its views concerning businesses’ gifts to clients and employers’ payment of airport lounge membership fees for employees.
Bonsella News: Updates from the Bonsella Team.
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