Draft TD on early stage investor tax offset scheme
We’ve published a draft tax determination (TD) on the early stage investor tax offset scheme we alerted you to in December 2024.Our view in the draft determination is that the…
Does your NFP need to lodge an income tax return?
Taxable not-for-profit (NFP) organisations must lodge income tax returns and pay income tax on taxable income.The income tax return is different to the NFP self-review return. If you have been…
Safeguarding not-for-profits from dodgy schemes
We know the vast majority of not-for-profit (NFP) organisations operate with integrity and serve the public good. However, recently we've seen a resurgence in the promotion of, and participation in,…
Operation Protego – Sentencing details for Operation Protego, an ATO-led investigation into large-scale GST fraud
About Operation Protego Operation Protego is an ATO-led investigation into large-scale GST fraud that was promoted particularly on social media. The attempted fraud involves an individual: inventing a fake business…
Highlights SMSF quarterly statistical report December 2024
Our Self-managed super fund quarterly statistical report – December 2024 is now available. It provides our latest statistics on the self-managed super fund (SMSF) sector. Highlights include:There are 638,411 SMSFs.There…
