RGA Business and Tax Accountants Blog

The ATO is cracking down on business owners who take money or use company resources for themselves.

The Administrative Appeals Tribunal ('AAT') recently held that a taxpayer was liable to pay excess concessional contributions tax in relation to contributions made on his behalf by his employer.

The Serious Financial Crime Taskforce ('SFCT') is warning businesses about using illegal financial arrangements such as 'false invoicing' to cheat the tax and super systems. False invoicing arrangements may consist of the following:

Faced with tough times, some people may be thinking about accessing their super early.

Taxpayers should be aware that some natural disaster relief payments are not taxable.

The Government has urged Australians to be vigilant regarding scammers who target ATO log-in details to commit tax fraud.

When did you last check your Australian Business Number (ABN) details on the Australian Business Register (ABR)? If you’re not sure

Reminder of March 2024 Quarter Superannuation Guarantee (‘SG’) 

The ATO sees a significant level of non-compliance in situations where an employer provides a motor vehicle to an employee (or their associate) for their private travel or makes it available to use privately.