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‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
Super changes: $1.6 million transfer balance cap and death benefit pensions
Payroll, compliance issues top dodgy practices in Aussie business
Employee travel expense deductions
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Tax assessments confirmed for undisclosed business income
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Business confidence hits 5-month high: NAB
Caution advised on best interests duty with cryptocurrencies
$20,000 asset write-off renewed for another financial year.
SMSF compliance traps with bitcoin
Where Australia is at. Our leading indicators.
Foreign resident CGT withholding: early recognition of tax credit
ATO set to doorknock as 60% of cash-heavy businesses caught
New downsizing cap available
Capital Gains and Renounceable Rights
Treasury finds Australia 'increasingly uncompetitive' as US moves on tax plans
Australia's vital statistics
Our Advent calendar for 2017
Articles archive
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Quarter 4 October - December 2014
Quarter 2 of 2015
Change to Early Access Rules
Capital Gains Tax – which year?
SMSFs may be missing out on allowable deductions
Checklist for Employers Year-end
Year-end Tax Planning – Trusts
Year-end Tax Planning – Small Business
Year-end Tax Planning – Individuals
Reminders and Tax Strategies for SMSFs pre-year end
Overtime Payments May Eliminate Claims for Unfair Dismissal
Tips and traps for acquiring SMSF assets from related parties
ACCC issues scam warning
SME Dispute Resolution
Land Tax – Victoria
R&D incentives at risk
ATO adds ‘hot issue’ to its SMSF target list
Additional Super Contributions Not Appropriate for all
Issues arising from an underpaid pension
Salary and Superannuation after the death of an employee
IPA calls for zero pc tax rate
Budget 2015 - some professional opinions
Australian Government - Budget 2015
Looming end to SMSF Borrowings?
ATO warns SMSFs on franking credits scheme
Lump Sum Payments - Employer Reporting
Small business tax cuts 'not enough', says IPA
Year-end Tax Planning – Small Business


A checklist of a few items to examine further, before year-end.


The usual year-end items apply and in particular the deductibility of superannuation for any employee is dependent upon the payment being made, rather than the liability being incurred.  This translates to making the payment before year-end to claim the tax deduction this year.

Despite all your events, you may not be entitled to a deduction because the superannuation fund fails to recognise the contribution and clearing houses do not simplify the timing problem.  The more time you give the super fund to process and allocate the better.

The other item following the recent Federal Budget is the $20,000 capital expenditure write off available to small business.  Some car dealers are indicating that vehicles are eligible, but in reality they are not.  How many new cars cost less than $20,000 (excluding GST)?  

Do you believe that a vehicle could be invoiced as the back half $15,000 and the front half $15,000 to have 2 items under $20,000?  Clearly that won’t qualify.



Stapleton Group: 83a Boronia Road Boronia VIC 3155 | Phone: (03) 9760 7800 | Fax: (03) 9760 7860