ATO targets cash economy
the ATO is focusing on businesses operating in the cash and hidden economies, with the aim of ensuring fairness for all businesses and the community.
No deduction for carried-forward company losses
a company that was a partner in a shopping centre development business was not entitled to deductions for carried-forward losses
spouse super contributions tax offset
The ATO reminds taxpayers that from 1 July 2017, the spouse’s income threshold will increase to $40,000.