September 2019 Newsletter

 

ATO take "gloves off" on overseas income

Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income.  Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time the gloves are off.

Are all your SMSF eggs in one basket?

The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity.

Rental property expenses - what you can and can't claim

It's not uncommon for landlords to be confused about what they can and can't claim for their rental properties.  What often seems to make perfect sense in the real world does not always make sense for the Australian Tax Office (ATO).

The $11.1bn small business tax shortfall

Last month, the ATO released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated 'tax gap'.

We can help you get your tax position right ... Please give us a call.


HR MATTERS

Can a poor performer be made redundant?

In a recent Fair Work Commission (FWC) hearing, an employee who was retrenched for not meeting his sales targets argued that the termination of his employment was not a genuine redundancy and he was unfairly dismissed.

Ignorance no defence for small business employers

In a tough economic climate, businesses will sometimes look at reducing wage expenditure to cut costs.

Landmark decision: Shift workers win more leave

The National Employment Standards (NES) in the Fair Work Act 2009 (cth) provide for a minimum entitlement for all employees (other than casual employees) to 10 days of paid personal/carer's leave for each year of service with his or her employer.


If you have any concerns regarding HR Matters ... Please give us a call.


Best wishes from the DA Team

The material and contents provided in this publication are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.

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