There are several significant changes concerning superannuation that will apply from 1 July 2013 and employers need to be aware of them. Employers across Australia will have new superannuation obligations under a range of reforms, and from 1 July 2013, they will need...
Treasurer Wayne Swan is imposing a new Cap on claims for self education expenses for workers wanting to improve themselves. The proposed maximum claim is to be set at $2,000 (initially) and they go through the usual spiel about how the current system is not fair and...
This ruling by the Admin Appeals Tribunal is sobering warning to all small businesses in Australia to keep accurate records. With the small business benchmarks in full swing the ATO is having great success in enforcing its amended assessments based on nothing more...
The tax office announced today that they will be referring people who have overdue tax returns or BAS’s to Debt Collection Agencies, not to collect debts apparently but to chase them up to get their returns lodged. We haven’t seen the fine print on how this will work...
Here is a recent press release from MP Bill Shorten explaining how increasing taxes on super is a good thing for you [with additional commentary by Boston]: “The Government will better target the tax exemption for earnings on superannuation assets supporting income...
