Butlers Blog

Directors will have a personal obligation to ensure that the companies they run either pay their GST debts or are placed into liquidation.  If this does not occur then the ATO can issue Director Penalty Notices to make the directors personally l...

 ASIC have released a fact sheet comparison between Self Managed Superfunds and Industry funds. Some key points: Generally, SMSF's with balances under $500,000, on average,  have lower returns after expenses and tax compared to industry an...

On 18 September 2019, the Government introduced the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 (the Bill), which allows non-complying employers to self-correct any unpaid superannuation guarantee (SG) amounts...

The ATO has announced a two-month lodgement and payment deferral to taxpayers affected by recent bushfires across the east coast. ATO acting deputy commissioner Andrew Watson said that people affected by the fires should focus on getting thei...

The ATO is warning tax payers to be on high alert to scammers. the ATO has seen an increase in scam phone calls, especially those using software that resembles a legitimate phone number to disguise the caller’s true identity.. The ATO urged people ...

The super downsizer scheme commenced on 1 July 2018 and has allowed older Australians to sell their homes and contribute up to $300000 of hte proceeds from the sale into super. Recent figures from the ATO show more than 5000 Australians have made th...

The majority of people who set up their own SMSF say that "control" is a big reason for doing it. There is flexibility and benefits in running their own superannuation fund, but it is also a big responsibility to make sure you fund grown and provides...

If you're an employee who regularly works from home, you may be able to claim a deduction for expenses relating to that work. These are generally home office running expenses, and phone and internet expenses. In limited circumstances you may also be...

With tax time fast approaching, all tax payers are looking for ways to minimise their tax bill. One fantastic way to do this (and do your part for the community) is with donations. Yes, donations are tax deductible! But be careful who and what...

Maximise your super contributions before 30 June 2019 Contributions Caps are limits on the super contributions you can make to your super fund each year. There are 2 types of contributions: concessional (before-tax) and non-concessional (after tax)....