2020 Tax Guide by Scott Associates

Scott Associates' helpful tax guide for the coming financial year. This booklet contains concise information only. If there are any issues raised in this brochure of anything relating to your taxation and financial affairs you wish to discuss, please do not hesitate to contact us.

ABN essentials

The Australian Business Number (ABN) is a single identifier for all business dealings with the tax office and for dealings with other government departments and agencies.

ABR Lookup

ABN Lookup is the public view of the Australian Business Register (ABR). It provides access to publicly available information supplied by businesses when they register for an Australian Business Number (ABN). ABN Lookup will continue to display trading names for a further five years until 31 October 2023.

Departing Australia superannuation payment

This system will enable you to apply for the departing Australia superannuation payment (DASP) and/or payment of unclaimed superannuation money online. Please take some time to read through this section so you know what information you will need to provide to apply for your superannuation benefits using this system.

Rental Property Expenses

You can claim expenses relating to your rental property but only for the period your property was rented or available for rent; for example, advertised for rent.

Super Fund Lookup

Super Fund Lookup contains publicly available information about super funds that have an ABN. It includes super funds regulated by the Australian Taxation Office (ATO) and the Australian Prudential Regulation Authority (APRA).

Superannuation

Resources and information regarding superannuation.