Our latest eNewsletter includes information on the following topics:
Unbundling phone and internet expense claims for work purposes: Individuals need to determine their work use of home phone and internet services using a reasonable basis.
Student loan debt recover from overseas: People living and working overseas will soon have to meet the same repayment obligations as those who live in Australia.
SMSF trustees warned to plan for cognitive decline: The ATO has highlighted the issue of cognitive decline, noting that it is important for SMSF trustees to have a plan for circumstances where they can no longer effectively manage their funds.
Retiring partner’s individual interest in net income of partnership : The ATO has issued TD 2015/19, which concerns a retiring partner’s individual interest in the net income of the partnership and the application of s 92 of the ITAA 1936.
ATO targeting ride-sourcing drivers and eBay online sellers: The ATO has gazetted data-matching notices concerning targeting ride-sourcing drivers and eBay online sellers.
Excessive deduction claims on holiday homes on ATO hit list : The ATO is increasing its focus on holiday home investors and claims for excessive deductible expenses.
Payroll tax grouping – Know the rules: For payroll tax purposes, businesses may be grouped with other businesses if there is a link between the companies.
Find your small lost superannuation accounts: The account balance threshold below which small lost member accounts will be required to be transferred to the ATO will be increased from
31 December 2015.
Bonsella News: Updates from the Bonsella Team.
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