Softening The Rules On Super Compliance
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  Running Time: 8:37 Date: 01/03/2013 The Tax Commissioner's not know for his generosity to taxpayers, but there are some areas where he's being a little more understanding. While it's toughening its approach to businesses which default on tax and super guarantee payments for employees, the Tax Office is easing up a little on two areas affecting self-managed super funds - honest mistakes in making a minimum pension payment or in exceeding the concessional contribution limits. Tax expert Michael Jones, of Cummings Flavel McCormack, says in most cases only small amounts are allowed and errors must be corrected as promptly as possible. With the end of the FBT year almost with us, Michael also advises a review of your arrangements - some of the rules have changed, with possible adverse results. Topics: Accounting & Tax, Financial Management, Investment |
 Michael Jones, Cummings Flavel McCormack |