Find out why it’s important to lodge your accumulation or retirement phase values correctly in the SMSF annual return.
Consider if fringe benefits tax (FBT) may apply or you could end up with an unexpected FBT liability.
From 1 April 2025, plug-in hybrid electric vehicles won’t be considered zero or low emissions vehicles under fringe benefits tax (FBT) law, unless certain conditions are met. Find out what this means for your employer clients.
Businesses, big and small, who continue to ignore reminders and don’t engage with the ATO or set up a payment plan for unpaid GST, pay as you go withholding, or employee super can expect firmer, faster actions. Encourage them to engage with the ATO or set up a payment plan.
From 14 October, the newly created Administrative Review Tribunal aims to deliver an accessible, sustainable, and trusted federal administrative review system that serves the Australian community.
myGovID will soon have a new name and new look – but you’ll continue to use it in the same way to access Online services for agents. When the change happens, you won’t need to do anything. Your myGovID app should automatically update to myID on your device. RAM links and authorisations will not be affected. The change to myID aims to reduce the confusion between myGovID and myGov.
Reminder to report account balance and other annual amounts by 31 October.
Avoid missing out on important help and information by updating your ABN details.
Learn which government support payments aren’t taxable.
Clients wanting to reduce their capital gains tax (CGT) when they sell their property, may be eligible for up to an additional 10% CGT discount if they rented their property through a registered Community Housing Provider (CHP). Find the list of CHPs and what your clients need to do.