Tax alert: Backlog of tax measures – increased certainty for taxpayers in 2014
The ATO has made a commitment to helping reduce the number of lost and unclaimed super accounts in Australia. To assist in achieving this the ATO has recently enhanced its Superseeker services and introduced SuperMatch.
From 1 January 2014, employers will be required to pay all Super Guarantee Contributions to a MySuper compliant fund where employees have not nominated their own fund, or for members of a default fund who have not made an investment choice.
A recent Supreme Court case in WA highlights the need to carefully consider superannuation when estate planning and raises a number of key issues for consideration.
A recent Supreme Court case in WA highlights the need to carefully consider superannuation when estate planning and raises a number of key issues for consideration.
The Productivity Commission has recently released its report An Ageing Australia: Preparing for the Future which has found that Australia is facing a major slowdown in its growth in national income per capita and productivity outlook at the same time that ageing will make major demands on government budgets.
We could start with the old saying that there are two things in life that are certain: death and taxes. This may be true. You cannot control taxes, but you can have a say in what happens to your assets on your death.
With the festive season almost upon us it is worth considering the Fringe Benefits Tax (FBT), income tax and GST consequences of expenditure at this time of the year on Christmas parties and gifts.
This week the Treasurer and Assistant Treasurer announced the Government’s process to clear the bottleneck of announced but unlegislated tax and superannuation measures.
This week the Treasurer and Assistant Treasurer announced the Government’s process to clear the bottleneck of announced but unlegislated tax and superannuation measures.
