The government’s long-slated “flexibility in superannuation” legislation is finally law, which means that certain individuals can now access a bring-forward arrangement in relation to non-concessional super contributions.
This tax time, the ATO is again closely monitoring claims in relation to rental properties. Their data-matching programs are in place to collect detailled information about properties and owners, and ensure that claims are accurate.
The ATO is expanding the information that businesses send through Single Touch Payroll. As such, from 1 January 2022 most employers will be required to send additional information.
Cryptocurrency has become a real buzzword for investors. While many are discussing the atmospheric rise in popularity of digital currencies, they are not considered to be a ‘currency’ by the ATO for tax purposes