Entries by harvest-staff admin

ATO Audit Activity is on the Increase

July 19, 2023 in /by

The ATO is significantly increasing its audit activity in a range of areas, with increased funding attributed to the ATO in the last budget.   Data-matching and Analytics are being utilised to focus on Superannuation Guarantee, PAYG Withholding and specific deductions, just to name a few areas. The ATO also has a ‘Random Enquiry’ program, […]

ATO SmartDocs – New ATO Mail System

May 29, 2023 in /by

Our new ATO SmartDocs mailing system enables us to download all ATO mail on behalf of our clients and distribute it electronically. What can you expect? When you receive electronic mail from the ATO, you will receive a text (SMS) message. This will advise you to log into your email account and use the 6-digit code in […]

NOW OPEN – ENERGY EFFICIENT GRANTS FOR BUSINESSES

March 23, 2023 in /by

NOW OPEN – ENERGY EFFICIENT GRANTS FOR BUSINESSES  What Is The Grant?The Energy Efficiency Grants for Small and Medium Enterprises (SME’s) Round 1 will support businesses to upgrade or replace inefficient equipment to improve their energy efficiency.The objectives of the program are to:  improve energy efficiency practices and increase the uptake of energy efficient technologies  […]

$3 Million Super Cap Changes – How it Impacts You

March 23, 2023 in /by

The Government has announced that from 1 July 2025, an additional tax of 15% will apply to a new definition of ‘earnings’ for superannuation balances exceeding $3 million. WHAT IS IT? The increased tax will apply to individuals with a Total Superannuation Balance of $3 million or more on 30 June 2025.  This includes all […]

Shuffling The Deck: 2022-23 Budget 2.0

November 4, 2022 in /by

There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity driven $54.4 billion improvement in tax receipts has largely been banked, […]