Non-concessional contribution balances portal available soon
A new online feature provided by the Australian Tax Office to make it easier for tax agents to request their clients' non-concessional contribution balances will come online later this month.
The ATO has advised that from late August the Tax Agent Portal will have a new portal mail topic called ‘NCC balance'. Tax agents can use this mail topic to request the reported non-concessional contribution balances for their clients.
This can be critical information for both accountants and our Tax, Structures & Planning team when working co-operatively on clients' matters so any way accessing the information can be made more efficient is welcome.