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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

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Notes Online Home 2018 Tax Schools Day 2 What's new for business in 2018

In this chapter of the notes we discuss the newest updates for business in 2018. These changes are examined under the following broad headings:

  • Changes to business returns for the 2018 income year
  • ATO overhauls the reporting requirements for SMSFs paying pensions
  • Major ‘shake up’ to the Singe Touch Payroll measures that apply from 1 July 2018
  • Government announces changes to the CGT small business concessions
  • ATO sets its sights on clients investing in cryptocurrencies (e.g., bitcoin)
  • New Ruling confirms tax jolt with family trust assets being used by non-family members

Chapters and Articles in 2018 Tax Schools Day 2