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News · Posted 07.05.2019

May 2019 Newsletter

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To claim a GST credit, a business is generally required to hold a valid tax invoice. However there can arise certain circumstances where an alternative document can be used.

There have been changes made to the director penalty regime, which may mean tighter diligence is needed to stay out of trouble. We also run over the ATO’s system of tax rulings and determinations, and what these can mean for your tax outcomes.

The essentials of the super downsizer scheme are also covered, and an ATO-sourced “living expenses tool” has been made available that may help put your tax records in better shape.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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