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December Tax News
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ATO warns of scam activity
The Tax Commissioner, Michael D'Ascenzo, is urging the community to be aware of scams claiming to be from the ATO. "We are seeing an increase in the number, creativity and sophistication of scams being reported," Mr D'Ascenzo said...More Info
Court rules in taxpayer's favour on promotional discounts
A luxury eye-wear distributor recently came under fire from the ATO for offering a promotional discount on spectacle frames while excluding the spectacle lenses from the promotion...More Info
ATO's new stance on mixed supplies
A ‘mixed supply’ describes a supply that has to be separated or unbundled as it contains separately identifiable taxable and non-taxable parts that must be individually recognised. Find out more about the ATO's stance relating to mixed supplies...More Info
Recent case: importance of recording benefits correctly
A recent case that came before the Administrative Appeals Tribunal involved a claim that was made against an allowance described on a truck driver's payment summary. It demonstrated how important it is for employers to correctly describe allowances and benefits on payment summaries...More Info
Employer super guarantee contribution rate to increase
The government has introduced legislation to provide an increase in the superannuation guarantee rate from employers. The rate is expected to increase to 12% over 7 years...More Info
Christmas/ New Year Office Closing Dates
Please note that over the Christmas/ New Year period, our offices will close on Friday 23rd December and re-open on Monday 3rd December.
If you have any queries, please don't hesitate to contact us
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