by Team Garnet | Aug 10, 2023 | ATO, Superannuation
The ATO has warned taxpayers against entering into an SMSF scheme which purports to allow individuals to purchase property using money from their superannuation. With the never-ending increase in Australian house prices, many desperate home buyers are often turning to...
by Team Garnet | May 31, 2023 | ATO, Tax News
This tax time, the ATO will be targeting loan interest expenses, working from home deductions, and CGT on main residences also used for income-producing purposes. With the end of the financial year fast approaching, the ATO has again released the areas it will be...
by Team Garnet | May 1, 2023 | ATO
The ATO has released a draft compliance guideline with the accepted rate for calculating the cost of electricity when an eligible EV is charged at an employee’s or an individual’s home. The draft compliance guideline contains the methodology for calculating the cost...
by Team Garnet | Mar 18, 2023 | ATO, Tax News
The ATO can now issue a tax-records education direction which will require an entity to complete an approved record-keeping course in lieu of a penalty. Late last year, the Treasury Laws Amendment (2022 Measures No 2) Bill 2022 passed Parliament and received Assent....
by Team Garnet | Mar 1, 2023 | ATO, Tax News
ATO is looking to finalise a number of FBT related issues currently under consultation relating to car parking and electric cars. With 2023 in full swing, the ATO is looking to finalise a number of FBT related issues currently under consultation. For businesses, the...
