News And Events

Focus Professional Group
How the ATO uses data matching

How the ATO uses data matching

The ATO receives data from a range of sources, including banks, financial institutions and other government agencies. They validate this data and match it against their own information to identify where people and businesses may not be reporting all their income. When...

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2018-19 Federal Budget

2018-19 Federal Budget

PERSONAL TAXATION Personal tax offsets The Government announced a tax relief for low and middle income earners. The non-refundable low and middle income tax offset from 2018–2019 to 2021–2022, is designed to provide tax relief of up to $530 for each of those years....

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Super Guaranteed

Super Guaranteed

Are you paying the right amount of super for your employees? This can be a complex exercise, with the threshold changes in the recent years and the contribution base which changes every year according to indexation factors. As an employer you are required to make...

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Working overseas and your SMSF

Working overseas and your SMSF

When you go overseas to work or travel for an extended period of time, ensuring that your SMSF stays compliant is probably the last thing on your mind. That is exactly why you should pay attention since your SMSF may have issues meeting the central management and...

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Major Tax Changes in 2018

Major Tax Changes in 2018

This financial year, the ATO have introduced many changes to legislation, some of which are summarised below: Deductible superannuation contribution cap reduction to $25,000 per annum & non-deductible contribution cap to $100,000 per annum. Changes to...

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