Following from a previous newsletter article, warning of the potential threat of tax fraud activity, a recent Fairfax Media investigation has revealed identity fraudsters were obtaining hundreds of tax file numbers every day. Furthermore, the ATO
Threshold Super Lost
From 31 December 2015, the threshold in which lost super accounts are required to be transferred to the ATO will be increased from $2,000 to $4,000. This change is intended to preserve the value of lost member accounts in the superannuation
The ATO and SMSF Audits
The incentive of increased control has been one of the main factors in the growth of self-managed superannuation funds (SMSF). However, as a trustee of a SMSF, control comes with increased responsibility. Since 1 July 2014 the new ATO penalty
Taxable Payments and Annual Reports due soon!
A reminder for those of you in the building and construction industry that your 2015 Taxable payments annual reports are due 28 August 2015. This report is to include the total payments made to each contractor who provides building and
