September 2015

ATO Grants Amnesty for Voluntary Disclosure of Offshore Income for a Limited Time Only

The Commissioner of Taxation, Chris Jordan, announced on 27 March 2014 that the Australian Tax Office (“ATO”) has launched Project Do It, a new initiative designed to encourage individuals and companies with undisclosed offshore income to come forward and clean the slate.

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Super Contribution Caps For The 2015 Financial Year

  The start of the new financial year brings with it a change to the Super Fund Contribution Caps, increasing the annual contributions you can make to super. These updated caps can help you: –          minimise tax –          keep salary sacrifice arrangements up to date –          maximise the wealth held in your super fund

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