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GST
Government announces changes to proposed Changes ‘Stage 3’ tax cuts Despite previous assurances, and after much speculation, the Government has announced tweaks to the’Stage 3′ tax cuts that will apply from 1 July 2024. More particularly, the Government proposes to:  reduce the 19% tax rate to 16%; reduce the 32.5% tax rate to 30% for…
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Claiming GST credits for employee expense reimbursements   Employers may be entitled to claim GST input tax credits for payments they have made to reimburse employees for expenses that are directly related to their business activities.
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Super guarantee contributions for the December 2022 quarter   A reminder to employers that their December 2022 superannuation guarantee (‘SG’) contributions were due by 28 January 2023.
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ATO warning to SMSFs: “Paying the price for non-compliance”   There are various courses of action available to the ATO when trustees of self-managed super funds (‘SMSFs’) have not complied with the super laws, including applying administrative penalties.
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ATO priorities this tax time   The ATO has announced four key areas that it will be focusing on for Tax Time 2022:
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