By Vivek

New Taxation Changes That May Upset Tax Payers

Post-July 1, 2019, all would not be the same. The reason for the change is that there are various amendments to taxation thresholds, superannuation, tax rates, penalty rates, minimum wages, childcare subsidies, and lot more. The recent changes will be affecting individuals, families, workers, busine...
Read More
By Vivek

ATO Stricter in Late Lodgements

The late lodgements of SMSF have been a key focus in compliance for quite some time. While ATO addressed this concern, they have ramped up their approach for withholding Superannuation Fund details from SuperFund Lookup. Since previous months, ATO has become quite active in terms of registration det...
Read More
By Vivek

An Update from the Past!!

In the budget of the year 2018-19, Federal Budget was passed by the Parliament in June 2018. The budget consisted of some updations and the legislation has introduced some changes to income tax thresholds and tax offsets. What are the Major Updations in 2018-19 Budget? The changes that were announce...
Read More
By Vivek

Explore About Downsizer Contribution

The term Downsizer Contributions refers to the superannuation contributions which is sourced from the sale proceedings of current or former principal residence of either taxpayer or spouse. The ATO’s latest amendments and current superannuation legislation are done so as to reduce the pressure on ...
Read More