It’s tax time, so here are some changes that you should know about:

• Superannuation: Do you have an SMSF or are you planning to retire? From 1 July there are changes to superannuation – check them out at gov.au/superchanges
• Do you want less reporting? Does your business turnover less than $10 million GST?  From 1 July small businesses have less GST information to report on their BAS.  See how your business reporting is made simpler and easier by going to gov.au/simplerBAS.
• Tax concessions for business: Recent law changes offer more savings to more businesses. If your turnover is under $10 million find out what you can now claim at what’s new for small business.
• Need help – or want advice? Simply request a call back, or email the ATO a request.

Want to learn more? Visit the ATO’s Private Groups Recent Developments webpage or its Small Business newsroom for taxation information that is relevant to you.

Article by ATO