Avoiding scams

Avoiding scams

The ATO is warning Australian taxpayers to be careful with their personal information. The crime of identity theft can create a number of issues for a victim, such as a poor credit rating, money stolen and bank accounts emptied, and

Extended deadline for SMSFs

Extended deadline for SMSFs

The ATO is targeting individuals (at, or approaching, retirement age) purporting to divert personal services income to a SMSF to minimise or avoid income tax obligations. A person earns personal services income (PSI) when 50 per cent of their income

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