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From 1 January 2020, eligible individuals with multiple employers can apply to opt-out of receiving super guarantee (‘SG’) from some of their employers, to help them avoid unintentionally going over the concessional contributions cap. If appropriate for them, they should…

The Government has recently passed legislation requiring insurance in superannuation for new members under 25, and members with low balance accounts, to only be offered on an opt-in basis from 1 April 2020. Importantly, low balance account holders and young…

As the ATO’s data-matching capabilities increase, they are paying close attention to capital gains made on shares, property, and cryptocurrency. Editor: Therefore, it’s important to let us know about any asset disposals (which can include an asset’s sale, loss or…

The ATO has provided a novel, though important, reason for businesses to update their ABN details: to help businesses to manage the coming disaster season. ABN details are used by emergency services and government agencies to help identify and contact…

As a business owner, you may have heard of the Labour Hire Scheme that starts at the end of October 2019. You may not be engaged as a labour-hire company, however, you may, for example, have a cleaning company clean…

The ‘cents per kilometre’ method broadly allows an individual taxpayer to claim up to a maximum of 5,000 business kilometres per car, per year without the need to keep any written evidence (e.g., receipts) of car expenses. Importantly, taxpayers making…