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Category Archives: Law
Charity donation schemes: ATO warning
The ATO has warned taxpayers of arrangements that promote tax deductions for gifts of pharmaceuticals to charities for overseas use, similar to that outlined in TA 2010/8 – Gift deductions for donation of pharmaceuticals to charities operating overseas. The ATO … Continue reading
Increasing compulsory superannuation to 12 per cent – Bill introduced
The Superannuation Guarantee (Administration) Amendment Bill 2011 has been introduced in the House of Representatives. It proposes to increase the age at which the superannuation guarantee (SG) no longer needs to be provided to an employee from 70 years to … Continue reading
Posted in Law, Superannuation
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Bill introduced: instant asset write-off, simplified depreciation, and superannuation
The Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011 has been introduced in the House of Representatives. It includes the following amendments: increase the small business instant asset write-off threshold from $1000 to $6500, and consolidate the … Continue reading
