• Government launches new service to simplify business registrations
• Illegal early access to super: ATO warning about scammers
• ATO gives small businesses the chance to seek independent review of ATO audit position
• Transacting with cryptocurrency: updated ATO info
• Tax gap for individuals is $8.8 billion, says ATO
• ATO warns about scammers at tax time
• Income tax residency rules for individuals: Board of Taxation recommends reform measures
• Retirement income covenant needs more flexibility: KPMG
• Illegal phoenix activity costs billions; new Phoenix Hotline
• Super funds deliver healthy returns for 2017–2018
• GST exemption for offshore sellers of hotel bookings to be removed: draft legislation release

Client Alert – August 2018