What was originally set to be a quiet week on the tax front, quickly changed.There have been several developments over the past week.We'll cover off some of the significant ones in this weeks podcast.
- The ATO general interest rate and shortfall interest charges have been announced for the September 2014 quarter.
- The success of Project Wickenby and shutting down the "success"Â of overseas tax havens.We are talking billions!
- Discuss how a taxpayer was successful in being classed a non-resident for tax purposes, despite continuing to own a property in Australia.
- From 1 July consumers and taxpayers will be further protected when obtaining tax advice from financial advisors.Find out what is required.
- SMSF's still in the spotlight,with penalties set to be the responsibility of the trustee,and from their own funds,not the super funds.
- Why obtaining a valid tax invoice and documenting acquisitions is extremely important, from a GST and tax deduction perspective.