Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Hot Issues
Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
SMSFs - Our 'hardest' jobs
Tax Office reveals adventurous, dubious claims ahead of tax time
ATO reveals top tax time mistakes, set to contact 1 million taxpayers
Watch out for charges with incoming GST laws.
Super savings gap for women stuck at 30%
‘Wipe the slate clean’: Clients, accountants urged to use new amnesty period
Statistics for all Australians
Touch Payroll (STP)
‘Calm before the storm’: Government proposes 12-month SG amnesty
Government intensifies cash payments crackdown - Kelly O'Dwyer
Passive investment companies tax rate still 30%
Cryptocurrency audits tipped to increase this EOFY
Australia by numbers – Update
$2.4m lost to tax scams, ACCC reports
No GST on digital currency
Federal Budget 2018 - Overview
Your Budget
4 components of our 2018 Federal Budget
Resources to help understand and implement Single Touch Payroll (STP)
New rules capture SMSFs trading big with cryptocurrency
New passive income test for lower corporate tax rate
Tools to help you manage your financial position are available on our site.
‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups
Australia by numbers – Update
Beware residency rules if moving overseas
Meaningful tax reform in high demand
Working holidaymakers and tax returns
Single Touch Payroll – 1 April 2018 Action
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Articles
Amnesty – Overseas Undeclared Income
Crackdown on Phoenix Activity
Guarantee Costs Occasionally Deductible
Australian Taxation Office (ATO) Bungled Attack on Foreigners
Gifts Provided to Employees at a Christmas Party – any FBT?
Reminder Tax Break Deadlines
Attitude of Banks to Insolvency
Tax File Numbers (TFN) and Super Funds
Recognition of same-sex Couples in Super
Amnesty – Overseas Undeclared Income
If taxpayers have unreported income from offshore activities, now is the time to report it.

The Offshore Voluntary Disclosure Initiative (OVDI) is available to all taxpayers until 30 June 2010.

 

Taxpayers may have unreported offshore income if they:-

 

·         change their country of residence, or

·         are unsure how to deal with investments in offshore funds or bank accounts

·         thought that salary earned and taxed overseas (after 1 July 2009) was tax free

 

Persons with omitted foreign income may want to tell the Tax Office, but are concerned about the consequences of doing so, particularly the potential for criminal investigation.  This offer provides the following benefits:-

 

·         approach can be anonymously

·         the Australian Taxation Office will indicate whether it would investigate the arrangements for any potential criminal law breaches

·         reduced shortfall penalties (zero if less than $20,000 income)

concessions for the general interest charge

22nd-December-2009