SMSF annual returns due 28 February 2013
The ATO has reminded tax agents that if they have newly registered self-managed super fund (SMSF) clients, their 2012 Self-managed superannuation annual return is due on 28 February 2013. It says where the SMSF does not have assets set aside…
Coonabarabran bushfires: Disaster for tax deductibility purposes
The Australian Government has announced that it will provide tax deductible status to relief funds established to help those affected by bushfires in the Coonabarabran region of New South Wales. The declaration ensures that new funds and qualifying…
ATO data-matching program
The ATO has advised that it has obtained data that identifies credit and debit card sales made by Australian businesses in the 2011-12 financial year from various banks including: Commonwealth Bank of Australia; St George Bank; American Express…