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Integrity, Innovation & Commitment

4th Quarter 2016

 

The new rules apply to a sole trader or an individual in a partnership who claim a deduction for business-related car expenses in their income tax return. There have been changes to how you calculate your deduction.

 

The ATO are targeting the following industries, bakery, supermarket, car retailing, and computer system design in relation to their tax and super obligations.

SMSF News

ATO REVIEWING TRUST DISTRIBUTIONS TO SMSFs

 

The ATO are reviewing self-managed super funds (SMSFs) that have received trust distributions. The income diverted into these SMSFs appears to be non-arm’s length and utilise tax concessions. 

Let us advise you with your accounting and taxation needs!