End of Financial Year newsletter is available

Our latest eNewsletter includes information on the following topics:

Tax assistance for people affected by Cyclone Debbie: The ATO will fast-track refunds and provide a range of other tax-related supports for individual and businesses within affected areas in QLD and NSW.

ATO adds value to developing financial literacy: The ATO is helping teachers add tax and super to their classes this year with dedicated educational resources.

Does your business import or export goods and services?: A reminder to business owners about the GST obligations associated with import/export activities.

Senate Committee holds corporate tax avoidance hearing: A public hearing was recently held in Perth as part of the inquiry into corporate tax avoidance and minimisation.

Higher education HELP changes: faster repayments and threshold changes: The Minister for Education and Training has announced a package of higher education reforms to be confirmed in the Federal Budget.

Super guarantee non-compliance: Senate Committee report: A report has called for the ATO to take a more proactive stance regarding employers’ super guarantee non-compliance.

Illegal SMSF early access scheme leads to $6,000 fine: A Melbourne man has been found guilty of operating a financial services business without an AFS licence and promoting an illegal SMSF scheme.

Bonsella News: Updates from the Bonsella Team.