Trak Accountants | Finance

Trak Accountants

Phone: +61 7 5512 6106

Address: Unit 14 249 Scottsdale Drive 4226

Website: http://www.trakaccountants.com.au

Likes: 85

Add/Update information

Reviews

Tags

• Businesses
• Accountant
• Financial service
• Finance

21.01.2022 TRAK tax alert: Government announces coronavirus stimulus package - https://mailchi.mp//trak-advice-ato-targets-lifestyle-asse

21.01.2022 The ATO’s recently released interpretation of the tax treatment of capital gains distributed by an Australian discretionary trust to non-resident beneficiaries will have a significant negative impact for some.

20.01.2022 All the Resources We Have to Help - https://mailchi.mp/trakaccountants/23022020helpresources

16.01.2022 The ATOs recently released interpretation of the tax treatment of capital gains distributed by an Australian discretionary trust to non-resident beneficiaries will have a significant negative impact for some.

16.01.2022 The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts. The review, expected to impact 350,000 taxpayers, reaches from the 2015-16 to 2019-20 financial years, revealing assets that previously may not have been disclosed or underreporting of income. If a taxpayer is reporting a taxable income of $70,000 to us but we know they own a three million dollar yacht then this is likely to raise some ...red flags, Deputy Commissioner Deborah Jenkins said. The ATO is looking for: under-reporting of income and mismatches between lifestyle assets and reported income, the purchase of assets in a company name but where those assets are used for private purposes (incorrect claims or non-reporting of GST credits, FBT, Division 7A, capital gains tax), and lifestyle assets purchased by self-managed superannuation funds that might breach the sole purpose test. The ATO has stated that the data matching will not result in automatic audits but will be reviewed by compliance officers to support the profiling of selected taxpayers.

11.01.2022 Everything you need to know about this $1500 Jobseeker payment - https://mailchi.mp/trakaccoun/23022020helpresources-4781186

06.01.2022 Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only retrospective but go beyond purely vacant land.

02.01.2022 Welcome to Trak Accountants, your trusted business adviser.