by Team Garnet | Jun 22, 2022 | Business Structures, Small Business, Tax News
You are legally required to keep records of all transactions relating to your tax and superannuation affairs. Failing to keep correct records can have financial consequences. You are legally required to keep records of all transactions relating to your tax and...
by Team Garnet | Jun 17, 2022 | Small Business, Tax News
The ATO is reminding businesses this tax time 2022 to see if there are tax-deductible items or concessions they are able to access and to consider their record-keeping habits of the past year. As the end of another tax year approaches, the ATO has reminded businesses...
by Team Garnet | May 18, 2022 | Assistance, Superannuation
Due to COVID-19, trustees of a Self Managed Super Fund may provide or accept certain types of relief, which constitute contraventions of the super laws, the ATO is offering support to SMSF trustees. You may also have been stranded overseas because of travel bans,...
by Team Garnet | May 6, 2022 | Superannuation
Employers take note, the ATO could soon be taking a tougher stance in addressing super guarantee non-compliance. The Australian National Audit Office (ANAO) has recently issued a report on the results of an audit conducted on the effectiveness of ATO activities in...
by Team Garnet | Apr 28, 2022 | Investments, Tax News
It is estimated that more than 800,000 Australians participated in the crypto & digital assets market in the last three years. With the release of terms of reference for various reviews into the regulation and taxation of crypto & digital assets, it’s time to...
