Partners to rely on

“Downsizer” super contributions for those who are 65 and older

Many Australian retirees find that they want a smaller home, or a home more suited to their empty-nest requirements. For some, selling the family home can be a great way to release built-up equity to pay for retirement living expenses or in-home support that will allow them to stay at home longer. Older Australians are the beneficiaries of the fed...

read more

Christmas Parties and Gifts

It is the season to be jolly! Well that is what the Australian Taxation Office says when providing a reminder to employers about Christmas gifts and parties!

read more

Single Touch Payroll – All employers must now comply!

Since that time the ATO has been working in conjunction with the software industry to ensure the transition for these business types would be as smooth and as low cost as possible. We have been proactively encouraging or facilitating our clients to transition to STP and looking for solutions to lodgement requirements under the new regime.Whilst 1 J...

read more

Superannuation changes effective 1st July 2019 – Does this affect you?

From July 1, super funds are required to cancel default life insurance policies in funds where members have not made a contribution for 16 months, unless members actively "opt in" to the policy or reactivate the account.

read more

Removing tax deductibility of non-compliant payments

As part of the government’s efforts to combat the black economy, and in response to the recommendations from the Black Economy Taskforce, a raft of new measures have been introduced to impose additional incentives for businesses to comply with their obligations.

read more

Small & Medium Business Instant Asset Write-off – Increase means big win for more businesses

With the Federal Election now out of the way, many businesses will turn to considering whether there might be any opportunities to reduce their tax liability for the year about to end on 30 June 2019. Just prior to calling the election, the Government managed to pass legislation extending the scope of its instant asset write-off. As a result, eli...

read more

Labor’s tax and superannuation policies

As we approach the inevitable but as yet unannounced 2019 Federal Election, Australians are starting to consider policies of the major parties, and we are particularly interested in the policies related to tax and superannuation.

read more

NEWSFLASH: Single Touch Payroll extended to small employers!

After a long period of uncertainty, the legislation extending the electronic Single Touch Payroll (STP) reporting regime to employers with 19 or fewer employees was agreed to by the Senate on 5 December 2018.

read more

Christmas Parties and Gifts

With the festive season fast approaching it is a good time to revisit the Fringe Benefits Tax (FBT), GST and income tax implications associated with the holiday season, in particular the Christmas functions and gifts that businesses may provide to staff and clients at this time of the year.

read more

Foreign residents to lose access to main residence exemption

Perhaps guided by the assumption that most foreign residents do not vote, the Government has expanded the raft of measures clawing back tax concessions from those who are not Australian residents for tax purposes (including in many cases Australians who reside overseas). One of these new measures announced in the Federal Budget in May, was the prop...

read more
Subscribe to the latest, easy to understand advice