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An important change is coming into effect that may impact the way Employer Super Contributions are paid into your self-managed super fund (SMSF). The new regulations, which are part of the Australian Government’s SuperStream reforms, are coming into effect aimed…

The ATO has announced that it will conduct the following three data matching projects: –   Online selling – the ATO will obtain details of online sellers who sold goods and services to the value of $10,000 or more in the 2011/12…

The ATO has taken over responsibility for the Small Business Superannuation Clearing House. The Department of Human Services was previously responsible for the free online clearing house service that helps businesses with 19 or fewer employees pay superannuation contributions for…

The ATO has announced an in-house facilitation process for taxpayers to resolve tax disputes. Tax agents and their clients are now able to use this service in audits and objections involving indirect tax, small business and individual taxpayers, and private…

Treasury and the ATO have established a working group with the private sector to look at creating a ‘statutory remedial power’ for the Tax Commissioner. This remedial power would provide a mechanism for resolving unintended and anomalous outcomes in the…

Tax amnesty for overseas tax dodgers – Project ‘DO IT’ The ATO has announced an amnesty for taxpayers with offshore assets or income to voluntarily come clean by 19 December 2014. The ATO says that its Project ‘DO IT’ (i.e.,…