All of the latest tax news, views and clues for June 2024.
This Alert addresses:
- Get ready for tax time 2024 – The ATO has recently flagged some primary areas where taxpayers frequently make mistakes on their tax returns.
- ATO crypto data-matching program extended – The ATO has announced it will extend its current crypto asset data-matching program through to the 2025–2026 financial year.
- Navigating complexities of crypto investments: SMSFs – The digital currency landscape continues to be treacherous terrain for SMSF trustees, with a growing number of reports indicating significant losses due to scams, theft and collapsed trading platforms.
- Superannuation switching schemes and investment scams: what to look out for – ASIC has warned consumers to beware of “cold callers” offering to switch your super, and has raised the alarm about a recent increase in sophisticated scams encouraging people to invest in fake bonds and term deposits.