ATO uses additional resources to widen ‘review’ from largest 320 groups to largest 500 & ‘tax assurance resources’ to groups with wealth exceeding $5m or revenue over $10m

Tax Month - December 2019

On Monday 2 December 2019, the Australian Financial Review published an article by its Political reporter: Tom McIlroy, headed: Rich listers targeted by ATO in cash push – relating to the ATO applying recently increased resources to widen its ‘review’ of the largest 320 private groups to the top 500 – amongst other things. See the…

Tax Month – December 2019

Tax Month - December 2019

T a x  T e c h n i c a l  –  M o n t h l y  N e w s – December 2019 Edition – Tax developments for tax practitioners by a tax practitioner.   Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________   You…

Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 – superannuation ‘choice’ extended to employees under post 30 June 2020 ‘enterprise agreements’ and ‘workplace determinations’

Tax Month - November 2019

On 27 November 2019, the Government introduced the Treasury Laws Amendment (Your Superannuation, Your Choice) Bill 2019 – to extend the ‘choice’ of superannuation fund rights, to employees covered by an enterprise agreement or workplace determination, from 1 July 2020. See below for further details and links to the Bill and EM. [Tax Month – November 2019]