The ATO is conducting a massive
crackdown on the declaration of income
from shares. This article is a must-read
for the more than 5 million Australian
My Tax Savers
If you own shares in a private
company or interests in a trust,
it may now be more difficult to
access the very generous Small
Business CGT Concessions.
This article contains a range of money saving
tax tips, spanning child support payments, GST,
company tax, and more!
In this edition, we look at the tax treatment of crypto-
currency, detail the latest tax scam, inform you of
the tax treatment of bank compensation, name the
suburbs with the most lost super, and more!
The rules surrounding the taking of money from your
private company tax-free, are soon to be made even
more strict. Company owners beware!
GENERAL ADVICE WARNING: The information contained in this publication is general information only. Any advice, if any, is general advice only. Your objectives, financial situation or needs have not been taken into
consideration. You should consider if this information is suitable for your needs and seek the advice of relevant taxation, superannuation and/or other relevant advisers before any financial product information is acted on.
COPYRIGHT: This newsletter has been written and designed for My Tax Saver Pty Ltd. No part of this publication that is covered by copyright may be reproduced without the express permission of My Tax Saver Pty Ltd.
WHAT THE TAXMAN