Month: July 2015

ATO Introduces myDeductions Tool

This week the ATO has introduced a new tool in their mobile phone app called myDeductions. This app is available for most smartphones, including Android, Apple and Windows Phones. According to the ATO, this tool makes it easier for individuals to keep deduction records, and will allow this information to uploaded and included in your […]

ATO Updates View (Changes Mind) on Everett Assignments

As part of the ATO’s focus on the taxation of professional firms, started with the release of TA2013/3, the ATO has updated their view on the tax effectiveness of Everett assignments. The term ‘Everett assignment’ is used to describe an agreement where a partner in a partnership assigns their entitlement to some or all of […]