Areas of key focus for SMSFs in 2017.

  As the new legislative changes to superannuation are rolled out, national law firm Gadens has flagged what key areas professionals will need to act on, with time already “running out” on certain items.

ATO advises accountants on client data swoop

  The ATO is urging accountants to inform clients that it is ramping up its data collection from financial institutions and online selling sites for use in its data-matching programs.

ATO issues stern reminder on new backpacker tax

  Accountants with SME clients should be urging them to recall the new deadlines for employees on working visas to ensure compliance.

Your New Year reading: beyond John Grisham

  Behavioural economist and psychologist Daniel Kahneman has begun 2017 by retaining his place near the top of The New York Times best-seller list, wedged among the latest John Grisham legal thriller, The Whistler, and the psychological thriller The girl on the train by Paula Hawkins.

Debt Recovery

  All is not lost if you have a judgement against a debtor, but you know they have no assets.

What a long-term view of the market can teach investors

  The curtain coming down on another year has a way of focusing the mind on how time is passing. 

Government takes next step in tax cheats crackdown

  The Turnbull government has launched an invitation for public comment to the Black Economy Taskforce ahead of an interim report in March, in an effort to stamp out tax evasion and loopholes.

Car salary packages and the deductibility of after-tax running costs

  Including a car in a salary package is a popular remuneration arrangement, and doing so as part of a salary sacrifice package will often give rise the a “novated lease”.  

CGT confusion seeing unnecessary sell-offs

  A lot of SMSF trustees are confused by the CGT transitional relief provided in the super reforms and are selling off fund assets ...

‘Devastating’ property investments hitting SMSFs

  Several SMSF professionals have revealed that their clients are being increasingly the target, and victims, of dodgy property schemes promising high yield and minimal risk.

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