As the 30th of June is fast approaching it is time to starting considering your year-end planning options. Some important areas for consideration include: • Deferral of Income – Delaying recognition of income until 1 July 2016, defers the tax liability on this income until the 2016 financial year. This strategy will be particularly effective
The ATO has announced that it is embarking on a letter campaign focusing on very high wealth individuals. The campaign will begin this month, with letters being sent out progressively to tax agents with clients that are Australian residents who, together with their associates, effectively control net worth in excess of $30 million. The campaign
For those who lodge their own tax returns, the deadline for lodgement is fast approaching, the final date you can lodge your return without incurring a penalty being 31 October 2014. Filling out a tax return can seem like a daunting task, however, the Australian Taxation Office (ATO) has made it somewhat easier, with a
