This issue of Taxwise covers:
- election 2013
- ATO compliance focus
- low income earners may still need to lodge a return
- Medicare levy rising to pay for DisabilityCare Australia
- updated ATO information on private health insurance rebate and Medicare levy surcharge
- net medical expenses tax offset phase out
- fid you receive an employment termination payment in 2013?
- sre you a denior or pensioner and a foreign resident? Are you entitled to a tax offset?
- information for businesses and contractors in the building and construction industry
- reporting of personal services income and business income
- capping of education expense deductions for employees
- proposal to abolish FBT statutory formula for cars
- are you a property owner?
- letters to directors with outstanding obligations
- combatting “dividend washing”
- tax avodiance schemes – Warning to investors from ATO
- employee share scheme rules under review
- tax advice provided by financial planners to be regulated
- Treasurer promises a 5 year freeze on superannuation changes
- Trans-Tasman super portability regulations made
- when a superannuation income stream commences and ceases – TR 2012/5
- useful ATO link.