Illegal early access to super is driving a surge in ATO compliance action, with trustee disqualifications tripling. Stay on top of your obligations.
November 2023: SMSF Compliance Activity
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Eclipse Advisory
2023
September 2023: Business incentives & Cybersecurity threats
The government’s proposed superannuation objective links retirement savings to national priorities—aligning policy with equity, sustainability, and business incentives.
July 2023: GST credits for employee expense reimbursements
The ATO reminds employers they may only claim GST credits on employee expense reimbursements that meet strict criteria. Learn the difference between reimbursements and allowances, and when a GST input tax credit is valid.
2023 Tax Lodgment and Payment Dates: Key ATO Deadlines for the Year
Keep on top of your ATO compliance with this guide to 2023 Tax Lodgment and Payment Dates. Covers BAS, PAYG, super, SMSFs, and other key deadlines.
June 2023: Getting ready for the EOFY!
With 30 June fast approaching, this EOFY checklist is a must for SMSF trustees. Learn what needs to be done now—from meeting pension payment deadlines and optimising contributions to preparing for the ATO’s heightened scrutiny on superannuation balances and compliance risks.
May 2023: Cheaper Child Care Subsidy 2023, ATO Rental Crackdown, EV FBT Changes & More
Big changes this May: the cheaper child care subsidy 2023 offers more support for families, while the ATO ramps up rental audits and compliance actions. Learn about EV FBT benefits, new rules for creators, and how to avoid record-keeping penalties.
March 2023: WFH expenses and Secure Jobs, Better Pay
March 2023 brings key compliance updates: changes to work from home expenses 2023 deductions, SMSF asset schemes under ATO scrutiny, workplace reforms through Secure Jobs, and increased enforcement on wage compliance and employment classifications.
Superannuation Budget Highlights 2023
The Superannuation Budget 2023 introduces key updates for super fund members, pensioners, and business owners. From expanded downsizer contributions to aged care funding and small business energy grants, here’s what you need to know to plan ahead.