by jlian | May 11, 2017 | News
The deadline has been pushed back to 30 June 2017, in time for the superannuation reforms that take effect from 1 July.Deputy Commissioner James O’Halloran said the ATO decided to extend the previous deadline of 15 May, as the SMSF professional community struggle to...
by jlian | May 9, 2017 | News
The IPA’s executive general manager – advocacy and technical, Vicki Stylianou, ruled out major changes after a busy 12 months following the introduction of the $1.6 million transfer balance cap.“There might be a little bit more tinkering on superannuation around the...
by jlian | May 5, 2017 | News
The passage of the Privacy Amendment (Notifiable Data Breaches) Bill 2016 – to commence on 22 February 2018 – will require the mandatory reporting of breaches in organisations to the Privacy Commissioner as well as affected individuals or face hefty fines.Failure to...
by jlian | May 4, 2017 | News
The current reporting system has superannuation funds reporting member contributions to the ATO on an annual basis, leaving the tax office with no visibility of payment information for up to 15 months after the start of the financial year, according to IPA chief...
by jlian | May 3, 2017 | News
An ASFA report shows that just 45 per cent of women business owners paid themselves superannuation, while a corresponding Australian Bureau of Statistics report reveals that self-employed women have an average weekly cash income of $522, compared to the $831 for...
