Tax Alert: March 2020

Tax Alert: March 2020

The ATO is providing concessions to businesses affected by Coronavirus (COVID-19), but at the same time is getting tough on employee car parking benefits and investigating lifestyle assets owned by wealthy taxpayers. Here’s a roundup of some of the latest developments...
Government Stimulus Package

Government Stimulus Package

Over the past week, there has been mounting concern with regards to the coronavirus (COVID-19) outbreak.  With restrictions in place for travel and gatherings across Australia, and schools and workplaces braced for closures, it is increasingly important to be aware of...
Market Snapshot: February 2020

Market Snapshot: February 2020

In summary The first three weeks of February saw further good performance by global equity markets. The news from China about Covid-19 seemed to be getting better and the latest economic data was still quite positive. However, all this changed very quickly from 21...
ATO to take a harder line on SMSF breaches

ATO to take a harder line on SMSF breaches

At the recent Self-Managed Superannuation Fund Association (SMSFA) National Conference, Dana Fleming from the Australian Taxation Office (ATO) outlined the regulatory approach for SMSFs going forward. Since 2014, the ATO has had enhanced powers for dealing with SMSF...
Hold On Bumpy Markets Ahead

Hold On Bumpy Markets Ahead

After a period of optimism, global investment markets have hit the panic button on fears about the possible economic impact of the coronavirus (COVID-19).  At times like these, it’s good to get some perspective. Australian shares rose 24 per cent last year, touching...