ATO Updates

What is Director ID? Director Identification Numbers are being introduced as part of the Government’s Modernisation of Business Registers Program. It is a 15-digit identifier given to directors which will…

When your business hires a new employee, the Choice of Fund form is used to identify where they want their superannuation to be directed. If the employee does not identify…

Employee Superannuation Businesses that employ staff need to ensure that their employee super for the April-June 2021 quarter is paid by Wednesday 28 July 2021. Those Businesses that choose to…

If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these…

Our new system enables us to download all ATO mail on behalf of our clients and distribute it in the most efficient manner possible. The benefits are: You receive your…

Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.…

With the start of the Fringe Benefits Tax year looming on 1 April, businesses are being urged to review their Fringe Benefits Tax (FBT) position. FBT liabilities can trap unwary…

A new system alerting SMSF trustees of changes made to their SMSF will roll out this month. The ATO will alert trustees by text and/or email when changes are made…

The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The review, expected to impact 350,000 taxpayers, reaches from…

Working out whether or not you are a resident of Australia for tax purposes can be difficult as it requires the exercise of judgement rather than applying a single ‘black…