/ Monthly Update Archives - Page 3 of 6 - Carisma Solutions Blog
Premiumcoding top text

Welcome to our blog, we will keep you informed

Carisma Solutions Blog » Monthly Update
By:
0

ATO Updates (March 2023)

Date: March 9, 2023
Categories: Monthly Update
Interposed companies used to avoid tax under review.The ATO has issued Taxpayer Alert, The Alert addresses certain arrangements involving CGT roll-overs and Div 7A. In these arrangements, a company is interposed between a private company with retained profits ("first company") and its shareho ...
Read more
By:
0

ATO Updates (February 2023)

Date: February 8, 2023
Categories: Monthly Update
Financial Planning Tax (financial) advice services status to be displayed on Financial Advisers Register (FAR)ASIC has stated that its Financial Advisers Register (FAR) is soon to display whether a financial adviser can provide tax (financial) advice services. This will take effect f ...
Read more
By:
0

ATO Updates (January 2023)

Date: January 12, 2023
Categories: Monthly Update
Business Services Revised ATO guidance on the PSI rulesThe ATO has finalized its guidance on personal services income (PSI) and personal services businesses (PSB). Taxation Ruling TR 2022/3 provides general guidance on the operation of the personal services income (PSI) rules. It combi ...
Read more
By:
0

ATO Updates (November 2022)

Date: November 8, 2022
Categories: Monthly Update
Residency tests for individualsThe ATO has released a draft ruling on the residency tests for individuals; it consolidates two older rulings. It was indicated in the 2021 budget that it would "replace the individual tax residency rules with a new, modernised framework, and the new framework i ...
Read more
By:
0

ATO Updates (October 2022)

Date: October 10, 2022
Categories: Monthly Update
Additional COVID-related grant programs declared NANEThese are the additional grant programs administered by states and territories are eligible as non-assessable non-exempt income.Business Cost Assistance Program Round Four - Construction (Victoria);Business Cost Assistance Program Round Two ...
Read more
By:
0

ATO Updates (September 2022)

Date: September 12, 2022
Categories: Monthly Update
Grants received by small businesses and primary producers by Cyclone Seroja (April 2021) are non-assessable and non-exempt income. It applies to grants paid in 2021-2022 and later income years.Treasury has released draft legislation, and the Government of Australia has agreed to amend Australian dom ...
Read more
By:
0

ATO Update (August 2022)

Date: August 8, 2022
Categories: Monthly Update
Car expenses: cents per km ratesThe ATO has finalised a legislative determination that from 1 July 2022, work-related car expense under cents per kilometer has increased from 72 c/km to 78 c/km.ATO Reasonable Travel AllowancesATO has released its annual ruling setting out the amounts i ...
Read more
By:
0

ATO Updates (July 2022)

Date: July 7, 2022
Categories: Federal, Monthly Update
It’s time for tax agents to get ready for the new tax time in 2022 and the most important thing they have to do is to roll over the system and update the work papers.The Australian Taxation Office (ATO) has warned people not to double-dip in their deductions this year or run the risk of being audi ...
Read more
By:
0

ATO Updates (June 2022)

Date: June 7, 2022
Categories: Federal, Monthly Update
The Australian Taxation Office (ATO) has revealed four key areas that they will target this time as the 2022 tax season approaches.Record-keepingWork-related expensesRental property income and deductionsCapital gains from crypto assets, property, and sharesThese ATO priority areas will ensure that t ...
Read more
By:
0

ATO Updates (May 2022)

Date: May 6, 2022
Categories: Monthly Update
FBT thresholds for year 2022-23Record keeping exemption – Increased from $8,923 to $9,181Benchmark Interest Rate – 4.52% unchanged FBT - Living Away from Home Allowance (LAFHA) – Reasonable amount for Meals for the Year 2022-231 Adult - $2892 Adults - $4343 Adults - $5791 Ad ...
Read more
Page 3 of 612345...Last »

Categories

Subscribe to our Newsletter

Popular Posts

Archives