November 2018 Newsletter

Current as of November 2018

FRANKING CREDITS SHOULD LABOUR WIN THE NEXT ELECTION

With an election year coming in 2019 and the possibility of a new government should Labour win, it is worth being aware of what tax changes may occur on a change of government.

In this article we have touched on franking credit refunds and how, under a Labour government, they may be in jeopardy.

 

ATO USES DATA MATCHING TO CRACK DOWN ON SHARE INCOME, CAPITAL GAINS

The ATO is once again extending its data matching program, this time focusing on share data. In a recent media release the ATO announced that it would start the task of checking if taxpayers were properly disclosing income and capital gains on sale of shares.

More information is available by reading our full article by clicking here.

 

TRANSFER BALANCE ACCOUNT REPORTING (“TBAR”) – WHY REAL TIME REPORTING IS KEY

With the first quarter of the TBAR reporting having come and gone last month, our article is a reminder of what these new reporting requirements entail and why real time reporting for your SMSF is invaluable.

 

HOW TO IMPROVE YOUR BUSINESS USING XERO – THE BUSINESS PERFORMANCE DASHBOARD

As we have done in previous editions of S & W Insight, we have more updates to help you with your use of Xero software.

If you are using Xero, please click here to view how to setup these simple dashboards within Xero to help you better manage your business.

 

DISCLAIMER
This newsletter has been produced by Stanley & Williamson as a service to its clients and associates. The information contained in the newsletter is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this newsletter, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under Professional Standards legislation.