4th Quarter 2017

21 APRIL 2017

• March 2017 monthly activity statement - due date for lodgement and payment.

ATO Assistant Commissioner Catherine Willis recently outlined several matters that should be kept in mind when preparing 2017 FBT returns.

It's important that all your tax issues are finalised before you cancel your Australian business number (ABN), which ceases that business. This allows the ATO to finalise your accounts and issue any refunds owing to you. 

Division 293 tax was introduced from the 2012–2013 year to reduce the tax concession on superannuation contributions for individuals with income greater than $300,000 a year.