GGI Geneva Group International

Two special sets of rules apply to closely held trusts – the trustee beneficiary (TB) reporting rules and the tax file number (TFN) withholding rules. However, the circumstances when they apply are different. The information provided will help you to quickly work out:  whether your trust is one to which either or both sets of rules applies (Part A) which beneficiaries [...]

The ATO has provided relief from lodgement compliance and payment obligations for those impacted by the bushfires. An automatic two-month deferral for activity statements lodgements and payments due has been provided to those in affected postcodes. Taxpayers can also call the ATO directly to request further assistance, such as requesting extra time to manage tax [...]