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2010/08/31 Announcement: Notice of intention to claim a deduction for personal super contributionsnew!

01.09.2010

The Australian Taxation Office said they are finding that some APRA-regulated super funds are issuing their own notice of intention to claim a deduction for personal super contributions form to their members. Many of these forms do not include the ATO mandatory information and the declaration which are required to make the form a valid notice. We have also noticed other issues with the way some funds handle these notices. Assist your members who want to claim or vary a deduction for personal super contributions by following the steps below.

2010/08/31 Announcement: Claiming a deduction for personal super contributions: SMSF Trusteenew!

01.09.2010

The Australian Taxation Office said if you intend to claim a tax deduction for your personal super contributions, remember that you must complete a Notice of intent to claim or vary a deduction for personal super contributions form (NAT 71121). As an SMSF trustee, you will also need to complete an ‘acknowledgement' of the valid notice you have completed.

2010/08/25 Announcement: Retiring, or selling or restructuring your practice

26.08.2010

Retiring, or selling or restructuring your practice. Things to consider if you are a registered tax agent and you are thinking of retiring, or selling or restructuring your practice.

2010/08/23 Announcement: Tax agent services legislation

24.08.2010

Tax agent services legislation. Information about changes bought about under the national tax agent services regime, which started on 1 March 2010.

2010/08/18: Announcement: Retiring, selling or restructuring your practice

20.08.2010

Retiring, selling or restructuring your practice. Things to consider if you are a registered tax agent and you are thinking of retiring, or selling or restructuring your practice. This has been updated to include more information about requesting a whole-of-practice transfer.

2010/08/10 Announcement: Guide to superannuation for employers

13.08.2010

Under the superannuation guarantee law you must pay super contributions for your eligible employees, at a minimum rate of 9% of their ordinary time earnings, so they can enjoy the benefits of super in their retirement.

2010/08/09 Media Release: Be aware of scams during tax time

13.08.2010

BE AWARE OF SCAMS DURING TAX TIME.
The Australian Taxation Office is warning people to be aware of dodgy tax schemes and scams designed to steal your personal details and money.
Commissioner Michael D'Ascenzo said the ATO continually comes across sophisticated scams designed to trick people into giving away their personal details such as passwords, banking and credit card details. People should be wary of approaches from people they do not know who are seeking personal information, financial details or tax file number details, Mr D'Ascenzo said.

2010/08/09 Announcements: Superannuation Guarantee (SG) contribution calculator

13.08.2010

Superannuation guarantee (SG) contribution calculator.
Use this tool to calculate SG contributions for your eligible employees for a current quarter, including the period within 28 days after the end of that quarter.

2010/08/09 Announcement: Incorrect amounts as reportable employer super contributions

13.08.2010

Incorrect amounts as reportable employer super contributions on payment summaries.
If you have a reportable super contribution amount on your payment summary, your benefits, offsets and liabilities may be affected. Your employer may have miscalculated this amount.

2010/08/06 Announcement: Incorrect amounts as reportable employer super contributibutions

13.08.2010

Incorrect amounts as reportable employer super contributions on payment summaries.
Broadcast sent on 5 August 2010 alerting tax agents that some employers have been incorrectly including compulsory super amounts as reportable employer super contributions on their employees' payment summaries for the 2009-10 income year.

2010/07/28: ATO Individuals: Superannuation and unclaimed super

12.08.2010

Superannuation and unclaimed super. Explains when super may become unclaimed and how you can find it.

2010/07/23 ATO Alert: Watch our for fraudulent payment summaries

12.08.2010

Watch out for fraudulent payment summaries.
Broadcast sent 22 July 2010 alerting tax agents that we have recently had a number of reported instances where tax agents are being approached to unknowingly lodge fraudulent income tax returns on behalf of clients using false payment summaries.

2010/07/22 Announcement: ATO form for managed investment trusts election for capital treatment

22.07.2010

Download the form for managed investment trust (MIT) capital treatment election. This link to the form includes a link to the fact sheet. If you are the trustee of a MIT this information will help you to determine whether you are eligible to make a capital treatment election.

2010/07/21 Announcement: Super Co-contributions

22.07.2010

Super co-contributions: Provides information about the super co-contribution. The super co-contribution is a government measure to boost super savings.

2010/07/19 Reportable employer super contributions on payment summaries

20.07.2010

Reportable employer super contributions on payment summaries. Information about what super contributions must be included on payment summaries.

2010/07/19 Information for trustees appointed under the Corporations Act 2001

20.07.2010

Information for trustees appointed under the Corporations Act 2001. Information on the obligations of appointments under the Corporations Act 2001. Updated to include changes to the lodgment of pre-appointment returns.

2010/07/19 ATO eSAT 3.0.0 released

20.07.2010

Today, we release version 3.0.0 of eSAT. The new version contains updated reference material which auditors can use to assist with audits for the 2010 year. An ABN/Name validation has been included as part of the lodgment process for both ACAs and ACRs. Validation reduces the chance of sending an ACR where the ABN and name on Super Fund Lookup don't match the details held in eSAT. The validation also stops lodgments where the ABN does not belong to a super fund. We would like to improve our understanding of how you use eSAT and whether or not it meets your needs. Your responses are confidential, and will help us assess whether the intent of the tool has been met, and we can focus our efforts on making meaningful changes to eSAT that will suit you.
You can download our feedback and improvements form at any time. We appreciate the time you spend in providing your feedback. When you have completed the form, send it to:
Superannuation Marketing Manager
Australian Taxation Office
Level 18 East Latitude
GPO Box 9977
Sydney NSW 2001

2010/07/15 Managed Investment Trusts: Election into Capital Treatment

16.07.2010

Managed investment trusts: election into capital treatment. This fact sheet gives an overview of the managed investment trust (MIT) capital treatment rules, including eligibility requirements and how to make an election.

2010/06/30 Media Release: Warning to SMSFs acquiring employee shares

07.07.2010

The ATO has warned that nominating your self managed super fund (SMSF) as the acquirer of shares or options from an employee share scheme can have serious tax and superannuation consequences. For the individual who has nominated their SMSF there can be penalties if the discount on the shares and options isn't accounted for in their tax return, Tax Commissioner Michael D'Ascenzo said.

2010/05/17 Media Release: ATO prosecutes nearly 500 people for tax & superannuation offences

18.05.2010

Tax Commissioner Michael D'Ascenzo said 489 people were convicted between 1 January and 31 March for tax and superannuation offences. The prosecutions range from offences such as failing to lodge forms to serious fraud such as GST refund fraud. These prosecutions demonstrate our commitment to protect honest citizens from those that seek to abuse Australia's tax and superannuation systems, Mr D'Ascenzo said.

2010/04/14 Media Release: ATO stepping up efforts to combat tax havenshot!

22.04.2010

The Australian Taxation Office announced it has requested information from banks which it will use to identify Australian taxpayers who may have undisclosed offshore income or over-claimed deductions involving international transactions. The announcement coincides with a gazettal notice which sets out the financial institutions the ATO has requested information from that operate in Australia.

2010/03/25 Announcement: Tax agent visits focus on SMSF income taxhot!