Blog Archives - Bramelle Partners

Reportable tax position expansion stalled

The expansion of the Reportable Tax Position (RTP) schedule to large private companies and corporate tax groups have been shelved by the Tax Office until the 2020-21 financial year (ie 1 July 2020) amid pushback from various stakeholders over the lack of clarity surrounding its practical implementation. The ATO notes it is now working with...

No cost strategies to increase your super

Another year has ended and among all the chaotic festivities, our thoughts may turn to goals and resolutions achieved during the year. Career successes, reaching fitness goals and life milestones are all causes for celebration. While most of us wouldn’t even think twice about our superannuation, now is the perfect time to put some resolutions...

Better protection for consumers: new ASIC powers

While the Banking and Financial Services Royal Commission seems long ago in the minds of many, the people that have been financially affected by dubious practitioners will no doubt carry the scar of mistrust for life. This then, is precisely why the government has introduced new laws which will give ASIC new enforcement and supervision...

ATO debts to affect your credit rating

The ATO now has another "stick" in its arsenal to get businesses to engage with it and manage outstanding tax debts. Laws have recently been passed that allow the Tax Office to disclose tax debt information of businesses to registered credit reporting bureaus (CRBs). The aim of the laws, according to the government, is to encourage...