First Home Super Saver Scheme
The First home super saver scheme (FHSSS) was introduced as part of the 2017 Federal Budget to assist first home buyers saving for a deposit. The scheme works by allowing first home buyers to contribute savings to superannuation and benefit from lower superannuation tax rates.
Deductions under the ATO microscope
Australian Taxation Office Commissioner Chris Jordan last week issued a warning to taxpayers claiming deductions they are not entitled to.
2017 Federal Budget
On Tuesday 9 May 2017, Treasurer Scott Morrison handed down his second Federal Budget. We have summarised a selection of the announcements, however for more detailed information or advice on how this budget may affect your specific circumstances, please contact us.
SuperStream
The Australian Taxation Office introduced SuperStream as a new way of processing superannuation guarantee contributions (SGC) made by employers on behalf of employees. SuperStream consolidates all of the employer's SGC payments through a single electronic format.