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Tax office trawls for owners of boats, planes, horses

by Shared by The Sydney Morning Herald | Jan 21, 2016 | News

The ATO has launched a data-matching program through which it will contact insurers to identify policy owners of various classes of insured assets that are often associated with wealth.Read the full story at The Sydney Morning Herald.

Retirement calculators mislead super fund members

by Shared by The Sydney Morning Herald | Jan 18, 2016 | News

In 2005, ASIC granted super funds regulatory relief on their calculators. That meant the funds have been allowed to put calculators onto their websites without fear of running foul of the regulator so long as the assumptions are “reasonable”. Read the full...

Taxpayers still guilty until proven innocent: government

by Shared by The Sydney Morning Herald | Jan 13, 2016 | News

A parliamentary inquiry had pushed the government to radically overhaul current rules that give the ATO extraordinary powers to hunt down taxpayers, after hearing taxpayer complaints about heavy-handed and unfair treatment at the hands of “cowboy...

Push to tax profits on sale of luxury family homes rejected by Labor

by Shared by The Sydney Morning Herald | Jan 12, 2016 | News

The government has been asked to consider the proposal in its forthcoming tax white paper. The Australia Institute has suggested restricting the capital gains exemption to homes worth less than $2 million.Read the full story at The Sydney Morning Herald.

It’s a make or break time of year for small business

by Shared by The Sydney Morning Herald | Dec 22, 2015 | News

Chris Mehl, general manager of The Christmas Warehouse, likens Christmas retailing to managing a circus.Read the full story at The Sydney Morning Herald.
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