Tax File Number An Important Information

Tax File Number An Important Information

A Tax File number which is often shortened to TFN is a unique ID number every Australian worker receives from the government. The TFN is used for an individual’s tax return, benefit payments and superannuation services.  Australians are also required to have a...
Tax and Cryptocurrency

Tax and Cryptocurrency

As we run through the swing of tax season there is a definite increase in the number of taxpayers investing or holding cryptocurrency. The tax treatment of cryptocurrent has been clearly articulated by the ATO and it’s important to ensure that you understand...
Paying Superannuation Late: Employers Face Massive Penalties

Paying Superannuation Late: Employers Face Massive Penalties

Paying Superannuation late, contributions that are delayed in respect to the salary and wages for a quarter must be paid by 28 days after the end of the quarter.  Whenever this is not done, even if superannuation contributions were made one day late, the employer...
ATO Announces New Lodgment Support For Tax Agents

ATO Announces New Lodgment Support For Tax Agents

ATO announces new lodgment support, On Friday 20th August, 2021 the ATO deputy commission Hoa Wood published an open letter to tax agents across the country announcing that practitioners would soon be able to request a deferral for a small number of clients from...