Non-residents who have permanently departed Australia can withdraw superannuation benefits on ...

The Financial Review reports on allegations from a Tax Office whistle-blower that the Small and Medium Enterprise division lacks technical…

If you are receiving a super pension it will revert to your spouse or dependants ... If you are 60 or over and do not have a spouse or dependants, the pension will stop ...

For individuals and small businesses, prepayments can be claimed in full provided the period covered does not exceed 12 months and concludes before ...

… previously on tax life … Sam was getting into the routine of quarterly reporting to the bank despite that…

If your spouse carries out some work in the business you should consider forming a partnership. It is very important to document the arrangement to ensure the partners are ...

If you have to work in the sun for sustained periods during the day you can claim the cost of sunscreen lotion, sun hats and sunglasses purchased and used at work. The Tax Office considers ...

Assistant Treasurer Bill Shorten has foreshadowed that legislation will be introduced to increase compulsory superannuation guarantee from 13%. He also said ...

Personal director obligations for unpaid PAYG withholding tax will be beefed up under a draft bill released for comment. The bill also sheets home responsibility for unpaid super guarantee to company directors personally. The change was announced in the May Budget and was aimed at phoenix companies but ...

The Productivity Commission released a draft report early in August about the current $1,000 low value threshold where GST and duty is not imposed on imported goods. Australian retailers have complained that the threshold makes for unfair competition as ...

Question: An employer provides a fringe benefit to an employee but the taxable value is fully reimbursed by the employee. The net fringe benefit is nil after the employee reimbursement. In these circumstances, does the employer have to register as a fringe benefit provider and ...

The Tax Office is using data matching to catch out employers not paying fringe benefits tax for motor vehicles and living away from home allowances ...

The Tax Office website has set out some common mistakes that employers make to remind them of their super guarantee obligations ...

There are number of common errors in the way the self-managed super fund tax return is completed including the correct record of an instalment warrant/limited recourse borrowing arrangement for real property or securities. The Tax Office has reported ...

From July 2008 the quarantining of foreign tax losses was abolished and ...

A package of Bills was introduced to the Federal Parliament to transfer responsibility for the registration of business names from eight state and territory Governments to ASIC ...

The Rule of Law Institute of Australia has called for the Accountant’s Concession to be replaced with a form of tax advice privilege between the accountant and client to be made into law. The Accountant’s Concession provides guidelines to Tax Officers to protect confidentiality of certain tax advice correspondence between accountants and their ...

The Tax Office has published a document titled Key events for Australia shareholders 2010 – 11 which contains links to class rulings about demergers, share buy-backs, creation of new ...