Document Hub
Book a Consultation
LOGIN
FBT 2025: What you need to know
By WSC Group | Created on March 17, 2025
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
How to master Employer Obligations in 2025
By WSC Group | Created on March 17, 2025
Taxpayers who employ staff should remember the following important dates and obligations.
ATO debunks Division 7A 'myths'
By WSC Group | Created on February 12, 2025
Division 7A of the tax legislation is intended to prevent profits or assets being provided to shareholders or their associates tax free.
CGT withholding measures now law
By WSC Group | Created on February 5, 2025
The Government recently passed legislation making changes to the foreign resident capital gains withholding laws (among other changes).
TO debunks Division 7A 'myths'
By WSC Group | Created on February 5, 2025
Editor: The ATO has recently published a document 'debunking' various Division 7A 'myths'.
When to lodge SMSF annual returns
By WSC Group | Created on February 5, 2025
All trustees of SMSFs with assets (including super contributions or any other investments) as at 30 June 2024 need to lodge an SMSF annual return ('SAR') for the 2023/24 financial year.
Study/training loans — What's new
By WSC Group | Created on February 5, 2025
The indexation rate for study and training loans is now based on the Consumer Price Index ('CPI') or Wage Price Index — whichever is lower.
$13.6m in penalties imposed for false R&D claims
By WSC Group | Created on February 5, 2025
A joint investigation involving the ATO found that, between 2014 and 2017, a Sydney business coach promoted unlawful tax schemes encouraging clients to lodge over-inflated, inaccurate or unsubstantiated research and development ('R&D') tax incentive claims.
ATO's notice of rental bond data-matching program
By WSC Group | Created on February 5, 2025
The ATO will acquire rental bond data from State and Territory rental bond regulators bi-annually for the 2024 to 2026 income years, including details of the landlord and tenant, managing agent identification details, and rental bond transaction details.
Tax deduction denied for signature basketball shoe R&D
By WSC Group | Created on December 12, 2024
The Federal Court has denied a sports company’s appeal to claim research & development incentives for the creation of an Australian signature basketball shoe.
