2nd Quarter 2017

LOW INCOME EARNERS MAY NEED TO LODGE AN INCOME TAX RETURN

If your taxable income is under the tax-free threshold you may still need to lodge a tax return.

The ATO have been in consultation with the small business community to better understand how they can support small business owners who may be experiencing mental health issues.

CAN EQUIPMENT OWNED BY THE SMSF BE LEASED TO OTHER MEMBERS OF THE SAME SMSF?

An SMSF can lease an asset of the fund such as business equipment or machinery to a related party of the fund. This is known as an in-house asset.