This issue of Taxwise covers:
- small Business Budget measures now law
- more small business Budget measures
- employee share schemes “ proposed changes are now law
- ATO trusts letter campaign for SMSF clients
- ATO focus on rental property deductions
- receipt of individual interest in net income of partnership “ draft TD 2015/D2
- single touch payroll “ further consultation
- Limiting fringe benefits tax concessions on salary packaged entertainment benefits
- reasonable travel and overtime meal allowance expense amounts for 2015-2016 - TD 2015/14
- superstream now applies to small businesses
- ATO warns about phony tax debt scam
- improving tax compliance - enhanced third party reporting, pre-filling and data matching
- work-related car expense deductions
- GST on low-value overseas online transactions
- dedicated tax support service for drought-affected communities.