If you have 20 or more employees, SuperStream starts on 1 July 2014 however, the ATO will provide flexibility with your start-up date. If you have 19 or fewer employees, SuperStream applies from 1 July 2015, with flexibility. If you are a small
Archives for July 2014
Super Fund Penalties
Trustees Be Aware... From 1 July 2014 the ATO now has new more flexible powers to deal with contraventions made by SMSF trustees. These new laws make trustees more accountable for any breaches in super law, and cover: Administrative
Tax Changes in Limbo
Legislation has been introduced into parliament as part of the “Mining Tax Repeal Bill” that from 1 January 2014 the immediate tax deduction for an individual asset costing less than $6,500 ex GST will be reduced to $1,000. Also applicable from 1
2014 Tax Assessments
The ATO have provided extra information this year.... This year the ATO are providing an extra statement with your income tax assessment. The statement details the Australian Government debt levels and where your personal tax was spent, based on the