- ABN Lookup
- Activity Statements
- Advice and Guidance (ATO)
- Amendments
- APRA-Regulated Superannuation Funds
- Assessable Income
- Auskey
- Australian Business Numbers
- Australian Taxation Office
- Advice & Guidance
- Annual Report
- Apps
- Audits
- Case Studies
- Compensation Applications
- Complaints
- Consultation
- Current Year Performance
- Disputes Policy
- Facebook
- Legal Database
- Mailing Address
- Office Locations
- Organisational Chart
- Service Standards
- Social Media
- Statistics
- Superannuation Enquiries
- Taxpayers' Charter
- Telephone Numbers
- Twitter
- YouTube Channel
- Averaging Income
- Bad Debts
- Bitcoin
- Budget 2017-18
- 2017-18 Budget WebsiteHome page for the 2017-18 Federal Budget.
- Black Economy Taskforce - prohibition on sales suppression technology and softwareOn 9 May 2017, the Government announced that the manufacture, distribution, possession, use or sale of electronic point of sale (POS) sales suppression technology and software will be prohibited.
- CGT Changes for Foreign InvestorsOn 9 May 2017 the Government announced that Australia's foreign resident capital gains tax (CGT) regime will be extended to deny foreign and temporary tax residents access to the CGT main residence exemption. This change applies from the date of announcement. Properties held prior to this date will be grandfathered until 30 June 2019.
- CGT Concessions for Small BusinessOn 9 May 2017 the Government announced that it would amend the small business capital gains tax (CGT) concessions to ensure that they can only be accessed in relation to assets used in a small business or ownership interests in a small business. The concessions assist owners of small businesses by providing relief from CGT on assets related to their business, as well as contribute to their retirement savings through the sale of the business. However, some taxpayers are able to access these concessions for assets which are unrelated to their small business, for instance through arranging their affairs so that their ownership interests in larger businesses do not count towards the tests for determining eligibility for the concessions. The small business CGT concessions will continue to be available to small business taxpayers with aggregated turnover of less than $2 million or business assets less than $6 million. The measure will apply from 1 July 2017.
- Depreciation on Residential Property Plant & EquipmentOn 9 May 2017 the Government announced that from 1 July 2017, plant and equipment depreciation deductions will be limited to outlays actually incurred by real estate property investors. Investors who purchase plant and equipment for their residential property investment after 9 May 2017 will be able to claim a deduction over the effective life of the asset. Property owners will be unable to claim deductions for plant and equipment purchased by a previous owner of the property.
- DownsizingOn 9 May 2017 the Government announced that from 1 July 2018, individuals aged 65 or over will be able to make a non-concessional contribution to super of up to $300,000 from the proceeds of selling their home. These contributions will not count towards the non-concessional contribution cap and the individual making the contribution will not need to meet the existing maximum age, work or $1.6m balance tests for contributing to super. The home sold must have been owned by the individual for the past ten or more years and have been the principal residence of the individual. Both members of a couple can contribute to super under this policy from the proceeds of the sale.
- First Home Super Saver SchemeOn 9 May 2017, the Government announced that from 1 July 2018 individuals will be able to apply to withdraw voluntary contributions made to super after 1 July 2017 for a first home deposit.
- Foreign Resident Capital Gains Withholding PaymentsOn 9 May 2017, the Government announced proposed changes to the foreign resident capital gains withholding (FRCGW) rate and threshold. The changes will apply to:
- real property disposals from 1 July 2017 where the contract price is $750,000 and above (currently $2 million)
- all contracts settled from 1 July 2017 that the FRCGW applies to will be subject to a withholding tax rate of 12.5% (currently 10%).
- GST on Property TransactionsOn 9 May 2017 the Government announced that it will strengthen compliance with the GST law by requiring purchasers of newly constructed residential properties or new subdivisions to remit the GST directly to the ATO as part of settlement. Under the current law (where the GST is included in the purchase price and the developer remits the GST to the ATO), some developers are failing to remit the GST to the ATO despite having claimed GST credits on their construction costs. As most purchasers use conveyancing services to complete their purchase, they should experience minimal impact from these changes. This change takes effect from 1 July 2018.
- Housing Affordability IncentivesOn 9 May 2017 the Government announced that from 1 January 2018, it will provide an additional ten percentage point capital gains tax (CGT) discount for resident individuals who invest in qualifying affordable housing. This will increase the CGT discount to 60%.
- Medicare Levy IncreaseOn 9 May 2017 the Government announced that from 1 July 2019, the Medicare levy will increase from 2% to 2.5% to ensure that the National Disability Insurance Scheme is fully funded.
- Medicare Levy ThresholdsOn 9 May 2017, the Government announced that the Medicare levy low-income thresholds for singles, families, seniors and pensioners will increase from the 2016-17 income year. The threshold increases mean that households will not pay the Medicare levy if their taxable income is below a statutory low-income threshold. The singles threshold will increase to $21,655. The family threshold will increase to $36,541 plus $3,356 for each dependent child or student. The single seniors and pensioners threshold will increase to $34,244. The family threshold for seniors and pensioners will increase to $47, 670 plus $3,356 for each dependent child or student.
- Multinational Anti-Avoidance LawOn 9 May 2017, the Government announced it will negate the use of foreign trusts and partnerships in corporate structures to circumvent the multinational anti-avoidance law. The multinational anti-avoidance law will be enhanced so that it applies to:
- corporate structures that involve the interposition of partnerships that have any foreign resident partners
- trusts that have any foreign resident trustees, and
- foreign trusts that temporarily have their central management and control in Australia.
- Small Business Asset Write-OffOn 9 May 2017, the Government announced an extension to the 2015-16 Budget measure providing an instant asset write-off provision for small business. Small businesses can immediately deduct the business portion of most assets if they cost less than $20,000 and were purchased between 7:30PM on 12 May 2015 and 30 June 2018. This deduction can be used for each asset that costs less than $20,000, whether new or second-hand. You can claim the deduction through your tax return, in the year the asset was first used or installed ready for use. The current 'lock out' laws for simplified depreciation rules will continue to be suspended until 30 June 2018.
- Superannuation - Integrity of Non-Arm's Length ArrangementsOn 9 May 2017 the Government announced that from 1 July 2018 the non-arm's length income provisions applying to superannuation fund earnings will be amended to consider expenses associated with a transaction. This will reduce the opportunities for members to use related party transactions on non-commercial terms to increase superannuation savings.
- Superannuation - Limited Recourse Borrowing ArrangementsOn 9 May 2017 the Government announced that limited recourse borrowing arrangements (LRBAs) entered into after 30 June 2017 will be treated differently to improve the integrity of the superannuation system. The outstanding balance of a relevant LRBA will be included in a member's Total Superannuation Balance (TSB). Repayments of a relevant LRBA from a member's accumulation account that result in an increase in the value of a retirement phase account will become credits for Transfer Balance Account purposes.
- Travel Expenses for Residential Rental PropertyFrom 1 July 2017 travel expense deductions will be disallowed for residential rental property investors.
- Businesses
- Benchmarks (ATO) for Small Businesses
- Business Industry Code Tool
- Business or Hobby?
- Business Viability Assessment Tool
- Cash & Hidden Economy
- Change Business Details with ATO
- Changing, Selling or Closing a Business
- Choice of Super Fund
- Contractors
- Depreciation & Capital Expenses
- Director Penalty Regime
- Employee or Contractor
- Employers
- Exporting Goods or Services Overseas
- Franchising
- Grants, Assistance & Other Supportbusiness.gov.au
- Home Based
- Income & Deductions
- Large Business & Multinationals
- Non-Profit Organisations
- Overseas Business Activities
- Record Keeping for Small Businesses
- Restructure Rollover
- Small Businesses
- Starting Your Own BusinessOn ato.gov.au
- Starting Your Own Business GuideOn business.gov.au
- Structures
- SuperStream
- Viability Assessment Tool
- Capital Allowances
- Capital Gains Tax
- ATO Menu
- Choices
- Debt forgiveness
- Demergers
- Depreciating assets
- Discount for foreign residents
- Events
- Exemptions
- Home used to produce income
- Identical shares
- Inherited dwellings
- Investments in a company in liquidation or administration
- Investors’ (Personal) Guide
- Involuntary disposals
- Land subdivision & amalgamation
- Life and Remainder Interests
- Main Residence
- Residency change
- Restructure rollover for small business
- Rights and options to acquire shares or units
- Small Business Concessions
- Trusts
- Wash Sales
- Withholding
- Worthless shares in a company in liquidation or administration
- Capital Protected Products
- Car Expenses
- Case Studies (ATO)
- Cash Economy
- Centrelink
- Certainty Letter
- Children
- Commercial debt forgiveness
- Common Reporting Standard
- Companies
- Complex Issue Resolution
- Compliance
- Consolidation
- Consultation HubATO
- Contractors
- Contracts for Difference
- Correcting Mistakes
- Crowdfunding
- Cryptocurrency
- Data Matching
- Debt & Equity Tests
- Deceased Estates
- Deductible Gift Recipients (download & search)
- Deductions
- Director Penalty Regime
- Directors of Small Businesses, ASIC Guide
- Disability
- Disasters
- Disputes
- Diverted Profits Tax
- Dividend Stripping &SMSFs
- Dividend Washing
- Division 7A
- Donations
- General Interest Charge
- General Value Shifting
- Goods & Services Tax
- Accounting for GST
- Adjusting for Assets Retained After Cancelling GST Registration
- Adjustment Notes
- Adjustments on activity statements
- Asset Adjustments After Cancelling GST Registration
- Backdating Registration
- Bartering
- Branches
- Cancelling Your Registration
- Car Expenses
- Correcting GST Errors
- Definitions
- Digital Currency
- Disabled Persons – Cars
- Employee reimbursements
- Exporting Goods or Services Overseas
- Food
- Going Concern
- Government Agency Payments
- Groups
- Imports
- Industry Guidelines
- Insurance
- International Freight Transport
- Luxury Car Tax
- Medical Services Supplied to a Health Service Provider
- Motor Vehicles
- National disability insurance scheme
- Non Profit Organisations
- Non-resident businesses
- Property
- Rebates
- Recipient Created Tax Invoices
- Registering for GST
- Reverse Charge in the Valuable Metals Industry
- Ride sourcing services
- Sales
- Second hand goods
- Self Assessment
- SMSFs
- Specific Transactions
- Tax Invoices
- Time limits on refunds
- Tourist refund scheme claims
- Travel agents & commissions
- Varying instalments
- Vouchers
- Governmentaustralia.gov.au
- Grants, Assistance and Other Supportbusiness.gov.au
- Legal Database
- Legal Practitioners
- Living Away from Home Allowances
- Losses
- Luxury Car Tax
- Objections
- Occupation Specific Deductions
- Offsets
- ATO Menu
- Foreign Income
- Franking Credit Refunds
- Invalid and Invalid Carer
- Medical Expenses
- Private Health Insurance
- Rental Affordability Scheme
- Research & Development
- Self-Education Expenses
- Seniors & Pensioners
- Small Business
- Superannuation Income Stream
- Superannuation Spouse Contribution
- Zone & Overseas Forces
- Online Services
- Parental Leave
- Pay Rates & ConditionsFair Work website
- PAYG Instalments
- PAYG Withholding
- Allowances
- Annual PAYG Withholding Reports by Agents for Clients
- Annual Reports
- ATO Menu
- Employees
- Investment Income
- Labour hire
- Leave Payments for Continuing Employment
- Non-Residents
- Performing Artists
- Personal Services Income Guidelines
- Rates
- Special Rules
- Tax File Number Declarations
- Tax Free Threshold
- Termination Payments
- Travel Allowances
- Trusts, TFN Withholding for Closely Held Trusts
- Variations
- Payment of Tax Debts
- Penalties & Interest Charges
- Penalty Relief
- Personal Property Security Register
- Personal Services Income
- Practical Tips for Tax Professionals
- Prepaid Expenses
- Primary Producers
- Private Rulings
- Property
- Property (Australian) Ownership by Foreign Residents
- Real Property Transfers Report (RPTR)
- Record Keeping
- Rental Properties
- Reports & Returns
- Research & Development
- ResidencyWork out your residency status for tax purposes
- Return & Schedule Instructions
- Ride-Sourcing
- Rulings
- Safe Harbour
- Salary Sacrifice Arrangements
- Self Assessment
- Self Managed Super Funds
- Advice Request Guidelines
- Annual Returns
- Anti Detriment Calculator
- Apra Funds
- Assets Acquired from a Related Party (SMSFR 2010/1)
- ATO Menu
- Auditors
- Benefits, Paying
- Borrowing, Limited Recourse
- Business Activities
- Calculating Components of a Benefit
- Change of Details
- Changes from 1 July 2017
- Collectables & Personal Use Assets
- Contribution Reserve StragegyTD 2013/22
- Contributions
- Cryptocurrencies
- Deductibility of Expenses
- Employee Share Schemes
- Enduring Power of Attorney
- Event Based Reporting
- GST
- In-house Assets
- Income Streams
- ATO Summary
- CGT Relief - Transitional Measure for Complying with New Transfer Balance Cap
- Commutation Counting as Minimum Payment
- Death Benefits
- Exempt Pension Income
- Minimum Pension Payments FAQs
- Starting & Stopping
- Timing of a Pension Payment
- Transfer Balance Cap
- Transition to Retirement
- Transitional CGT Relief
- When Pensions Commence or Cease
- Insurance
- Investments
- Lending
- Member Verification System
- News & Alerts
- Non-Arm’s Length Income
- Ownership of Assets
- Q & A
- Record Keeping Requirements
- Regulation of Self Managed Super Funds
- Residency
- Rollovers
- Setting up a SMSF
- SuperStream
- Tax File Numbers & Super Contributions
- Thinking About Self-Managed Super
- Trustees
- Valuation Guidelines
- Videos
- Winding up an SMSF
- Self-Education Expenses
- Seniors & Retirees
- Service Entities
- Shares
- Sharing Economy
- Single Touch Payroll
- Small Business Entities
- Small Business Superannuation Clearing HouseComplies with SuperStream requirements
- Standard Business Reporting
- Stock
- Study & Training Support Loans
- Substituted Accounting Periods
- Super Fund Lookup
- Superannuation
- Accessing
- Anti Detriment Calculator
- ATO Held Super
- ATO Menu
- Changes 2017
- Choice – Employer Obligations
- Clearing House for Small Business
- Co-contributions
- Contributions
- Deductions for Personal Contributions
- Departing Australia Superannuation Payment (DASP)
- Downsizing Contributions
- First Home Super Saver Scheme
- Foreign Benefits
- Housing Measures
- Income Streams
- Low Income Super Contribution
- Relationship Breakdowns
- Reportable Contributions
- Salary Sacrificing
- Schemes for Illegal Access
- Surcharge
- Tax File Numbers
- Terminal Medical Condition
- Total Superannuation Balance
- Unclaimed Super
- Superannuation Guarantee
- SuperStream
- System Maintenance - ATO
- Tax Agents
- Auskey
- Code of Professional Conduct
- Complaints
- Complex Issue Resolution
- Dispute Resolution
- ELS
- Engagement Letters – TPB Information SheetTPB Information Sheet
- Liens – TPB Information SheetTPB Information Sheet
- Lodgement
- Newsroom
- Online Services
- Payment of Tax Debts
- Portal
- Practical Tips
- Practice Administration
- Practitioner Lodgement Service
- Pre-Filling 2018
- Services & Support
- Tax Agent Services Guide
- Tax Practitioners Board
- Trust Accounts – TPB Information Sheet
- Updating Client’s Details
- Webcasts & Videos
- Tax Crime
- Tax Debts
- Tax File Numbers
- Tax Planning
- Tax Receipt
- Taxable Payments Reporting – Building & Construction Industry
- Taxation of Financial Arrangements (TOFA)
- Taxis
- Taxpayers Charter
- Termination of Employment
- Test Case Litigation Program
- Thin Capitalisation
- Time Limits on Amendment Requests
- Trading Stock
- Transfer Pricing
- Treasurer (Federal)
- Trusts
- Wine Equalisation Tax
- Work Expenses
- Books, Periodicals & Digital Information
- Car Expenses
- Clothing
- Guide
- Home Office
- Itinerant Work (TR 95/34)
- Occupation Specific Deductions
- Other Work-Related Deductions – Return Instructions
- Overtime Meals
- Protective Items
- Self Education Expenses
- Seminars, Conferences & Education Workshops
- Substantiation
- Telephone & Internet
- Travel
- Union fees, subscriptions to associations and bargaining agents fees
- Workplace Rights & Obligations for Small BusinessThe Fair Work Ombudsman's (FWO) new Small Business Showcase is a virtual hub containing a wealth of tools and resources to help you meet your workplace responsibilities. The Showcase helps you understand and deal with key workplace issues like hiring, minimum wages and keeping accurate records. It also includes:
- short instructional videos on how to use their tools and resources
- an interactive checklist to check your knowledge of key workplace concepts
- online polls so you can share your insights and opinions on key workplace issues.