Superannuation

June 15, 2022

It is estimated that more than 800,000 Australians participated in the crypto/digital assets market in the last three years. According to the ATO, 2021 saw a jump in participants of 63% compared with the 2020 year. However, this surge in...

June 15, 2022

The ATO has recently updated its Law Administration Practice Statement on debt relief, waivers and non-pursuit of debt. Specifically, the Practice Statement guides the Commissioner's discretion not to pursue the recovery of tax debts and ATO's ability to release individual...

June 15, 2022

Now that the Labor party is officially in government, people will be interested to see what policies and changes are now likely to occur. A helpful starting point is Labor's election promises which provide a valuable indication of possible areas...

June 15, 2022

Tax time 2022 is here, and this financial year, the ATO will again focus on a few key areas to ensure that individuals are doing the right thing and paying the right amount of tax. The ATO considers these key...

June 15, 2022

Over the last six months, we have spent many hours developing a new brand that represents who we are as a business and a team. We believe the new brand demonstrates the growth and evolution of our company since its...

May 18, 2022

There have been some important changes to MYOB subscription payments. Up until this point, Roberts & Morrow have managed your subscription (practice pays)  however we are streamlining the MYOB process and arranging subscription payments with all clients to be directly debited from MYOB (client pays) Over the...

April 20, 2022

Two landmark cases before the High Court highlighted the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes. Many business owners assume that they will not be responsible for PAYG withholding, superannuation...

March 31, 2022

In Australia, it is estimated that around 300,000 young, part-time, mostly female workers currently and legally do not receive super contributions from their employers under the super guarantee scheme. This is due to their before-tax earnings per month falling...

March 16, 2022

By Thomson Reuters Tax & Accounting  More people will soon be able to make up to $300,000 in downsizer contributions into super with the lowering of the age limit to include those 60 years and over from 1 July 2022. Before...