Personal super deductions: remember the notice
If you are considering making a personal contribution to your super and would like to claim a deduction on the contributions made, it is important to remember to give the required notice to your super fund before making a claim in your tax return. There have been cases of taxpayers being denied deductions for personal …
ATO guidance update: debt relief and waivers
The ATO has recently updated its Law Administration Practice Statement on debt relief, waivers and non-pursuit of debt. Specifically, the Practice Statement provides guidance on the Commissioner’s discretion to not pursue the recovery of tax debts, and ATO’s ability to release individual taxpayers from their obligation to pay certain tax-related liabilities. Generally, the ATO will …