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Superannuation Salary Sacrifice.

Ruling needs to be made to instruct employers to forward pre tax salary sacrifice to Suoer funds in a timely manner.
Employers do not have any right to hold on to thousands of dollars of my money for months when it should be in my Super fund adding to my retirement benefits.
SG money can be sent each quarter. Pre tax Salary Sacrifice should be sent at the very least each month if not it should be sent to Super fund with... more »

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4 votes
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Automatic Country by Country Reporting Exemption

Significant global entities are required to prepare and submit a Country by Country ("CbC") report with the ATO pursuant to Sub-division 815-E unless an exemption is granted by the ATO. The ATO has released exemption guidance which states that an exemption is not automatially provided to entities that do not need to lodge an IDS (i.e entites that do not have cross border transactions > $2m). Instead, entities need to... more »

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1 vote
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Increased ATO portal functionality

There are several common reasons why a tax agent would call the tax office, if some of these reasons can be made available online it would save time for both the tax agent and ATO staff. Suggestions for portal improvements could include: The ability to see, download, and amend the annual payroll summaries and taxable payments summaries lodged by a business (and other uploadable files), ability to make payment arrangements... more »

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9 votes
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ESS and Interests in Foreign Vehicles

Need further guidance from the ATO with respect to Employee Share Schemes (ESS) and whether interests in certain common kinds of foreign vehicles (such as a limited liability company) qualify as 'shares' or 'ordinary shares' under the ESS rules, in particular, subsections 83A-10(1) and 83A-45(2) of the ITAA 1997.

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5 votes
5 up votes
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