The 'business continuity test’ introduced by the Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Act 2019 retains the existing 'same business test’ and introduces the 'similar business …
Single Touch Payroll Data Usage
The Australian Taxation Office (ATO) is proposing a letter campaign for employers that have previously not met their superannuation guarantee obligations to remind them of their obligations. The …
Commercial Debt Forgiveness
Employers failing to pay proper Superannuation Guarantee (SG) isn’t new. One example is Bunnings, a large company which recently made an admission that it failed to pay the correct SG for almost a …
Penalty Remissions
Employers failing to pay proper Superannuation Guarantee (SG) isn’t new. One example is Bunnings, a large company which recently made an admission that it failed to pay …
SMSF Breaches
With the ATO making clear its stand on administrative penalties, directors of SMSF should be cautious about their actions involving the fund to avoid breach of obligations under the Superannuation …
Corporate residency of foreign incorporated companies
To ensure modern commercial board practices and international tax integrity rules are being followed, the Treasurer asked the Board of Taxation to conduct a review of the operation of Australia’s …
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