Practice Update: January/February 2019

Compiled by our Tax Experts the NTAA Division 293 assessments The ATO has been issuing ‘Additional tax on concessional contributions (Division 293) assessments’ with respect to liabilities relating to the 2018 income year. Division 293 imposes an additional 15% tax on certain concessional (i.e., taxable) superannuation contributions. It applies to individuals with income and concessional […]

Workplace Relations News: December 2018 By Tania Harris

Tasmanian Public Holidays 2019   A REFERENCE POINT to Learn Changes in Australian Law.   Issues that Affect Your Business. Keeping Employers Up-to-Date.  DOMESTIC VIOLENCE LEAVE INCLUDED IN NATIONAL EMPLOYMENT STANDARDS On 6 December 2018, the Fair Work Amendment (Family and Domestic Violence Leave) Bill 2018 (Bill) passed both Houses of Parliament. The Bill will come into effect on a date to […]

Practice Update: December 2018

Compiled by our tax experts at NTAA Company loans to shareholders under review The Government has released a consultation paper outlining proposed reforms to ‘simplify’ the loan agreements that are generally required when a shareholder (or their associate) borrows funds (or receives a payment) from a related company. Editor: Broadly, where a private company makes […]

Australian Federal Police- Scam Alert

Australian Federal Police 22 November at 15:54 · SCAM ALERT! Did we call you on your cell phone? Answer – probably not… There’s a new version of an old tax scam doing the rounds, but guess what scammers, we’re exposing your secrets: – First, they’ll call with an automated message saying they’re from the “tax […]

Scammers Impersonating Tax Agents

Compiled by our tax experts the NTAA The ATO has received increasing reports of a new take on the ‘fake tax debt’ scam, whereby scammers are now impersonating registered agents to lend legitimacy to their phone call. The fraudsters do this by coercing the victim into revealing their agent’s name and then initiating a three-way […]