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Are student loans too big?
By WSC Group | Created on November 12, 2024
Australian voters tend to reject US style education favouring more egalitarian systems where income does not determine access.
ATO's notice of government payments data-matching program
By WSC Group | Created on November 5, 2024
The ATO will acquire government payments data from government entities which administer government programs for the 2024 to 2026 income years
Eligibility for compassionate release of superannuation
By WSC Group | Created on November 5, 2024
The ATO has been responsible for the administration of the early release of superannuation on compassionate grounds since 1 July 2018.
Hiring employees for the festive season
By WSC Group | Created on November 5, 2024
As the festive season approaches, employers that hire new employees to help with their business should remember the following when it comes to their employer tax and super obligations
AAT rejects taxpayer's claims for work-related expenses
By WSC Group | Created on November 5, 2024
In a recent decision, a taxpayer's claims for various work-related expenses were rejected by the AAT.
Lodging and paying business activity statements (BASs)
By WSC Group | Created on November 5, 2024
The ATO is reminding taxpayers that it is important to lodge BASs and pay in full and on time to avoid penalties and interest charges
Deductions for financial advice fees
By WSC Group | Created on November 5, 2024
The ATO has provided guidance about when an individual not carrying on an investment business may be entitled to a deduction for fees paid for financial advice.
FBT on plug-in hybrid electric vehicles
By WSC Group | Created on November 5, 2024
From 1 April 2025, a plug-in hybrid electric vehicle ('PHEV') will not be considered a zero or low emissions vehicle under fringe benefits tax ('FBT') law and will not be eligible for the electric car FBT exemption.
More women using ‘downsizer’ contributions to boost super
By WSC Group | Created on November 1, 2024
If you are aged 55 years or older, the downsizer contribution rules enable you to contribute up to $300,000 from the proceeds of the sale of your home to your superannuation fund (eligibility criteria applies).
Payday super: the details
By WSC Group | Created on October 9, 2024
‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers.
01 Succession: the series
By WSC Group | Created on October 9, 2024
Ok, not that Succession series. Each month we’ll bring you a new perspective on transferring property. Be it estate planning, managing an inheritance, or the various forms of business succession. This month, we look at the tax consequences of inheriting property.
The ban on genetic test insurance discrimination
By WSC Group | Created on October 9, 2024
The ability for life insurers to discriminate based on adverse predictive genetic test results will be banned under a new Government proposal.
myGovId changing its name to myID
By WSC Group | Created on October 5, 2024
The digital identity app 'myGovID' will soon be changing its name to 'myID'. While the name is changing, the login and security will not change.
ATO security safeguards for victims of fraud recently enhanced
By WSC Group | Created on October 5, 2024
Where a taxpayer has been the victim of identity, tax or super fraud, the ATO may apply security safeguards to their account to prevent further harm.
ATO's notices of data-matching programs
By WSC Group | Created on October 5, 2024
The ATO will acquire officeholder data from ASIC and other bodies for the 2024 to 2027 income years, including name, address, date of birth, ABN, contact details, organisation details and officeholder details.
