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September 2018 Tax Newsletter

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Here is our September 2018 edition of Client Alert, which contains information on a number of important taxation developments:

  • Super sector must address trust deficit - ASIC Chair James Shipton says the superannuation sector must be more mindful of the responsibilities that come with being the custodians of other people’s money.
  • Call to boost instant asset write-off to $100,000 - Australian Small Business and Family Enterprise Ombudsman Kate Carnell has called for the instant asset write-off for small businesses to be embedded in legislation and extended.
  • Tax return required for excess super non-concessional contributions - The ATO reminds that taxpayers need to lodge a tax return for any financial year they exceed the non-concessional contributions cap, and may have to pay extra tax.
  • First Home Super Saver scheme: ATO guidance - The ATO has issued new guidance on the the First Home Super Saver (FHSS) scheme, which is now operational.
  • ATO targeting car sharing platforms - Some people undertaking car sharing activities using third-party platforms might not understand the taxation implications involved.

For more information on any of these topics please click on the link below

September 2018 Tax Newsletter

If you have any further questions, please call us on 02 9580 3353

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