On 1 June 2020, the ATO issued a : PCG 2020/5, setting out its transitional compliance approach, for the application of the non-arm’s length expenditure (NALE) rules to complying superannuation funds. See below for further details. [Tax Month – May 2020]
On 1 June 2020, the ATO reminded tax agents and taxpayers that they need to make contributions to the Small Business Superannuation Clearing House by 23 June 2020, for them to be deductible in the 2019/20 year. See below for further details. [Tax Month – May 2020]
On 1 June 2020, the Assistant Treasurer: Michael Sukkar, announced that the Government had reappointed our Dr Julianne Jaques as a part-time member, of the Board of Taxation, for a further three-year period from 1 July 2020. She recently showed strong leadership, acting as the Chair of the Board after the sudden and sad passing of…
CPA Australia has advised that Paul Drum passed away unexpectedly last week (commencing 25.5.20) after suffering a suspected heart attack. For many of us Paul was an institution and a colleague. It sounds like this was sudden, and he will be missed. Paul was CPA Australia’s General Manager of External Affairs and has been the…