We are pleased to supply you with the special Budget 2017 edition of Client Alert, which outlines key announcements of the May 2017 Federal Budget.
This June 2017 edition also contains information on a number of important taxation developments up to and including 5 May 2017:
- Tax assistance for people affected by Cyclone Debbie – The ATO will fast-track refunds and provide a range of other tax-related supports for individuals and businesses within affected areas in Queensland and New South Wales.
- ATO adds value to developing financial literacy – The ATO is helping teachers add tax and super to their classes this year with dedicated educational resources.
- Does your business import or export goods and services? – A reminder to business owners about the GST obligations associated with import/export activities.
- Senate Committee holds corporate tax avoidance hearing – A public hearing was recently held in Perth as part of the inquiry into corporate tax avoidance and minimisation.
- Higher education HELP changes: faster repayments and threshold changes – The Minister for Education and Training has announced a package of higher education reforms to be confirmed in the Federal Budget.
- Super guarantee non-compliance: Senate Committee report – A report has called for the ATO to take a more proactive stance regarding employers’ super guarantee non-compliance.
- Illegal SMSF early access scheme leads to $6,000 fine – A Melbourne man has been found guilty of operating a financial services business without an AFS licence and promoting an illegal SMSF scheme.
Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.
Click on the icons below to access the Client Alert Newsletter and the Federal Budget 2017.