Older Australians who feel like they have not saved enough funds for retirement now have the opportunity to boost their superannuation by downsizing their home.
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The ATO are concerned that the trustees of these Self-Managed Super Fund’s haven’t given due consideration in diversifying their fund’s investments which may put their fund’s assets at risk.
A workspace is often a good representation of an employee, or for that matter a business. It’s all about first impressions.
As of 1 July 2019, additional industries have been added to the Taxable Payment Annual Reporting System. You may need to lodge a taxable payment annual report..
It’s now a bit over a month into the new financial year and you may be thinking you're still not prepared for tax time. Don’t stress you’re not the only one who feels like tax time has just snuck up on you - the good news is, there's still time!
At present, Australia’s economic conditions are extremely challenging. We are experiencing the tightening of lending; changing consumer habits, behaviours and expectations; new emerging technology, just to name a few.
With the new financial year commenced, it’s important to re-confirm the contribution caps for the 2020 financial year. But first it’s important we differentiate the types of contributions that can be made.
Technology has come a long way in recent years, and with that a great opportunity exist to get more productive by unlocking unnecessary time spent on manually inputting paperwork into your accounting files.
Great news for small-to-medium sized businesses, the government has increased the instant asset write-off threshold to $30,000, effective for any new or second hand assets purchased as of 7:30 pm (AEDT) the 2nd April 2019.
💥 We’re Moving. But not too far! 💥
New building, same awesome team!
For most of you, you’ve asked yourself this very question more than once – especially when you’re reading a pay slip or looking over your business numbers!
The Fringe Benefits Tax (FBT) year ended 31 March 2019. It is now time for businesses to determine if they have an FBT exposure and if so start to collate the relevant information to complete an FBT return for the 2019 year.
You may have heard the term Single Touch Payroll (STP) being used recently. Well It’s important to know that STP is not only for employers with over 20 employees.
If you’re in the building and construction industry, you need to loge the taxable payments report on an annual basis. The taxable payment annual report notifies the ATO about payments you have made to contractors that have provided services during the
A popular question we are asked is “How do I calculate my employee’s final pay?”.
This is a good question which can often be incorrectly processed.
As the end of the financial year approaches many of us will reflect on the state of our finances and assets. We will consider the state of the economy, investment performance over the past 12 months and make plans for the year ahead...
Directly held property makes up approximately 19% of all SMSF assets, indicating that many SMSF trustees consider it’s an important and significant part of a diversified portfolio.
Yes that right, its FBT time again. With the FBT year ended 31 March 2018 it is time to make sure that you have you records in order.
What does this mean for you?
The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament with the majority of reforms taking effect on 1 July 2017. The most significant changes include t
For the last 15 years I have been working with business owners to help them grow, adapt and succeed.
Having given advice to a vast number of private family businesses across a variety of industries, I have come to realise that most business own
