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If your client has had FRCGW withheld from a property sale, they need to lodge a tax return to have that amount credited to them. Find out what records your client needs to provide, how to correctly enter the details in their return and how the credit will be applied to the calculation of the capital gain or loss.
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The ATO has published a Decision impact statement (DIS) in response to the High Court’s decision in Commissioner of Taxation v Bendel. It explains the effect of the decision and provides guidance about trust distributions and the operation of Division 7A. If you have private company clients potentially affected by the decision, we encourage you to read the DIS so you can support them. The DIS is open for comment until 24 July. Refer to the contact details in the DIS.
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Avoid errors in your clients’ tax returns when reporting their crypto assets by understanding what the common mistakes are and how you can support clients to get it right. Making these mistakes can result in amendments and potentially lead to compliance action.
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New Dynamic PAYG instalments method will help you align payments with real-time business performance from 1 July 2027.
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Taxable payments annual report (TPAR) amounts will now pre-fill in your tax return.
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Be ready to manage the new tax on large super balances starting on 1 July 2026.
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The way the ATO calculate Total Super Balance for tax has changed – find out how your fund members will be affected.
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Tips to help you advise your clients and common mistakes to avoid when reporting crypto assets for tax purposes.
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If you pay a sportsperson, performer, film maker or an individual involved in similar or related activities, you may be required to pay them super.
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Check your SMSF is ready to receive and allocate payments.
