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ATO Debt > $100,000? Not in a payment arrangement?

Quick updates you need to know if you are in business: ATO Debt > $100,000? Not in a payment arrangement? ATO Debt Credit reporting became law

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Is your SMSF investment strategy meeting diversification requirements?

Is your SMSF investment strategy meeting diversification requirements? Recently the ATO has contacted some 18,000 auditors and trustees of self-managed super funds (SMSFs) which hold 90%

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The $11.1bn small business tax shortfall

Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. These new figures give visibility

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Are all your SMSF eggs in one basket?

The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset

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Rental property expenses – what you can and can’t claim

It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties. What often seems to make perfect sense

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ATO take ‘gloves off’ on overseas income

Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting