by wladvisory | Sep 25, 2019 | Super, Tax News
The ATO’s Deputy Commissioner, Superannuation and Employer Obligations, James O’Halloran, has announced in a speech to the Australian Institute of Superannuation Trustees (AIST) that with the ATO’s new STP-enabled “unprecedented level of visibility” of... 
by wladvisory | May 20, 2019 | Monthly Tax Updates, Super
Since event-based reporting (EBR) started for SMSFs from 1 July 2018, the ATO says an unprecedented number of transfer balance cap reports have required re-reporting. The transfer balance account report (TBAR) is used to report certain events and is separate... 
by wladvisory | Mar 18, 2019 | Monthly Tax Updates, Super
An issue has surfaced in recent times that in some cases may require a change in the approach taken by some employers with regard to them being fully compliant with superannuation guarantee obligations. The problem for some may not be so much ducking the rules, but... 
by wladvisory | Feb 21, 2019 | Monthly Tax Updates, Super
Buying insurance within an SMSF can give access to deductible expenses that would otherwise not be available, as some insurance premiums, such as for life insurance (which typically cannot be claimed as deductions by individuals for income tax purposes) may be... 
by wladvisory | Dec 21, 2018 | Monthly Tax Updates, Super
Facebook Twitter Google+ Evernote Gmail LinkedIn Whether or not the trustee of a complying superannuation fund can accept member contributions for those aged between 65 and 75 depends on the member satisfying the “work test”. The work test requires a member to have... 
by wladvisory | Oct 4, 2018 | Monthly Tax Updates, Super
You may or may not subscribe to the belief that Australia faces a change of government in the near future. The arguments for and against and the volume of discussions held over the barbecue are likely to ramp-up in the time between now and the next federal election,...