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Concerns raised with SMSFs self-assessing for early release

Concerns raised with SMSFs self-assessing for early release

by Shared by SMSF Adviser | Jul 8, 2020 | News

In an online article, Heffron SMSF Solutions senior SMSF specialist Alex Denham said the ATO has long flagged concerns about illegal early release by SMSFs, the early release of super scheme presents some new risks for SMSF members in this area. Read more at SMSF...
TPB tells taxpayers to ensure their tax or BAS agent is real

TPB tells taxpayers to ensure their tax or BAS agent is real

by Maja Garaca Djurdjevic | Jul 7, 2020 | News

Following the launch of an online advertising campaign on 22 June, to create awareness among consumers of tax practitioner services to use only a registered tax practitioner, the TPB has advised the public to maintain its vigilance, especially recipients of the...
Banks implement next stage of COVID-19 loan deferrals

Banks implement next stage of COVID-19 loan deferrals

by Maja Garaca Djurdjevic | Jul 7, 2020 | News

In this next phase of the banks’ COVID-19 deferral offer, customers who can restart paying their loans will be required to do so at the end of their six-month deferral period. “Those who are able to repay their loans will resume doing so, which is in the best...
ATO responds to investigation into death and taxes

ATO responds to investigation into death and taxes

by Shared by SMSF Adviser | Jul 7, 2020 | News

The Inspector-General of Taxation and Taxation Ombudsman (IGTO), Ms Karen Payne, has released a report on her investigation into ATO systems and processes for dealing with deceased estates. Read more at SMSF Adviser. 
Businesses voluntarily opting out of JobKeeper for fear of the ATO

Businesses voluntarily opting out of JobKeeper for fear of the ATO

by Shared by MyBusiness | Jul 7, 2020 | News

MyBusiness has learnt that businesses across Australia that have seen revenue recovery in June are choosing to voluntarily pull out of the JobKeeper scheme, mostly to avoid any assumed compliance issues down the track. Read more at MyBusiness. 
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