The ATO has released information on claiming mobile phone, internet and home phone expenses to reflect the significant rewrite of Practice Statement PS LA 2001/16 to include contemporary electronic device issues. The rewrite also updates the ATO’s
Self Managed Super Funds – Who takes charge when you die?
If you have your own SMSF you are both a member and a trustee (either individually or as a director of the trustee company). Individual Trustee In this instance your Personal Legal Representative (PLR)takes your place as trustee alongside the
Pay your Super before 30 June and obtain a tax deduction
(as featured in our June 2015 Newsletter) To ensure you are entitled to your tax deduction for super contributions in 2015, the super payment, whether for yourself or your employees must be paid (i.e. out of your bank account) prior to
ATO Deductions Watchlist 2014/15
The ATO areas of focus in relation to deductions in the 2014/15 year include: • Work related use of electronic devices • Overnight work related travel • Rental property deductions Work related use of electronic devices The ATO flagged that it
