by Team Garnet | Jan 25, 2024 | ATO, Superannuation
ATO is continuing to target illegal early release of super in 2024. Find out about the tools and strategies they are using this year. As a new calendar year commences, the ATO’s priorities in the SMSF sector remain consistent. As with previous years, the greatest area...
by Team Garnet | Jan 19, 2024 | ATO, Small Business, Tax News
At the end of last year, the ATO highlighted 3 areas of focus, including cyber security, debt book and improving tax performance for 2024. The ATO has indicated it will move its focus in 2024, with the Second Commissioner of Client Engagement, Jeremy Hirschhorn,...
by Team Garnet | Nov 13, 2023 | ATO, Tax Time
Tax time 2023 has now officially ended, taxpayers needing additional time to lodge should request a lodgement deferral from the ATO without delay. The last day for lodgement was 31 October 2023, so taxpayers that have yet to lodge should do so as soon as possible to...
by Team Garnet | Nov 5, 2023 | ATO, Tax News
International businesses that have sales connected to Australia over a certain threshold may need to register and pay GST in Australia. This applies to electronic distribution platform (EDP) operators that allow merchants to make sales of services, digital products or...
by Team Garnet | Oct 27, 2023 | ATO, Superannuation
The government has released a consultation paper on two models that could be used to implement the payday super measure. Unpaid superannuation is equivalent to wage theft and is detrimental to the retirement income of many Australians. That’s why in the 2023-24...
by Team Garnet | Oct 21, 2023 | ATO, Business Structures, Tax News
Individuals participating in the sharing economy should be aware that transactions for supplying taxi travel/ride-sourcing and short-term accommodation are now required to be reported. The Sharing Economy Report Regime (SERR) has now commenced for the 2023-24 income...
