Logo
Talk with us
Accounting & Business Services
Wealth Services
Lending Sources
Need Real-life Advice?
Talk with us

Helpful Resources
Request a Consultation
  • Close

Request a Consultation

Supercharge Your Superannuation & Maximise Your Retirement Savings

Welcome back everyone. In the sixth and final part of my blog series, I want to discuss something that affects all of our financial journeys: Superannuation. Perhaps you’re concerned about your retirement savings? Or maybe uncertain about how to make the most .....

Latest Posts

Business - 1 min read

Motor Vehicles Data Matching – Are You On The ATO’s Radar?

The ATO have advised they are continuing their data matching program for motor vehicles, by acquiring information for 2017 - 2019 financial years from state and territory motor vehicle registry authorities. Although data matching is not new, it continues to become more and more effective.

Vehicles that are equal or greater than $10,000 that have been transferred or newly registered will be the focus for data matching.

This amount will likely affect professionals, business owners and high net wealth individuals.

The data matching initiative aims to identify:

  • taxpayers buying and selling motor vehicles who may not be meeting their obligations to register and lodge returns (including activity statements);
  • taxpayers that have purchased vehicles with values that are not commensurate with the income they have reported;
  • taxpayers who have not met obligations regarding GST, fringe benefits tax and luxury car tax.

We are here to help If you have any concerns about how the data matching program may affect you or your business, please get in touch.

Could Your Business Benefit from an Outsourced CFO?

Set your business on the right path with this simple guide.

Access the Guide
Could Your Business Benefit From an Outsources CFO_Resources

Prospective Business Owner - Succession Checklist

Make sure you’re on the right track with this online checklist.

Access the Checklist
Business Owner - Succession Checklist_Resources

Featured authors

Have a question for Marc Walsh?

Connect with the author of this post and they'll get back to you.

Send a message
close (1)

Related Insights

page-1 (4)
Services
Company
Learning
Social

© 2022 Altus Financial, All rights reserved.

Altus Wealth Pty Limited ABN 55 649 956 212 is an Authorised Representative of Altus Financial Services Pty Ltd ABN 24 637 026 825 an Australian Financial Services Licensee (AFSL no. 520266). Altus Financial Services Pty Ltd is not responsible for the advice, products and services provided by Altus Accounting. Julie Azzi is a credit representative (CR No. 366834) of BLSSA Pty Ltd ABN 69 117 651 760 (Australian Credit Licence 391237).