If you have the unfortunate consequence of having a tax debt, there are certain steps that can be taken to help ease the pain. We look at the relief available.
Sometimes a valuation is necessary for tax purposes, but there are various ways to go about getting one. There are similarities also in getting deductions right — especially if these deductions are in relation to home office claims.
The ATO has spelled out the areas of SMSF compliance it will be focusing on for the 2016-17 income year. We run over the hot spots.
Please contact this office for clarification, or further advice, regarding any of the topics covered in this newsletter.