The Australian Government is offering a free super clearing house service to small businesses with less than 20 employees.
This service is free, optional and is designed to reduce red tape and compliance costs for small businesses when meeting their superannuation guarantee obligations.
The Small Business Superannuation Clearing House is administered by Medicare Australia and enables you [...]

Since its inception in 2002, the consolidation regime has allowed wholly-owned corporate groups to operate as a single entity for income tax purposes.
The 2010-11 Annual Budget, has resulted in Government initiatives that aim to improve how collections of the income tax from consolidated and multiple entry consolidated groups (MEC) are completed. Changes include;
-          from 11 [...]

Since its inception in 2002, the consolidation regime has allowed wholly-owned corporate groups to operate as a single entity for income tax purposes.
The 2010-11 Annual Budget, has resulted in Government initiatives that aim to improve how collections of the income tax from consolidated and multiple entry consolidated groups (MEC) are completed. Changes include;
-          from 11 [...]

The ATO has recently released a new category of small business benchmarks that focus on cash sales within a business.
This is an effort to identify and deter activities in the cash economy through cash sales benchmarks. These benchmarks are based upon data matching undertaken with banks to identify credit debit card sales, as well as [...]

The ATO has provided a new SMSF member verification system that will provide greater transparency around super rollovers from APRA (Australian Prudential Regulation Authority)- regulated super funds into SMSFs.
These super funds and their administrators can now confirm that an individual requesting a rollover to a SMSF is a member of that SMSF.
The ATO states that [...]