EOFY 2024 – Self Managed Super Funds (SMSF)
Aside from your home, your superannuation will likely be the largest asset you have – so using it wisely should be a high priority. It also provides great tax benefits that should be taken advantage
ATO Toughens Its Stance On Debt
It’s never been more important to keep on top of your ATO obligations. The ATO have turned nasty and unforgiving and if you owe them money, expect them to want it paid sooner rather than
2024 Federal Budget
NOT YET LEGISLATED It is important to note that any announcements made by the Government are not guaranteed to become Law. These announcements need to pass Parliament first, and it’s possible that the Government may
It’s FBT Time!!
Action Points All employers that provide non-cash benefits to employees (including in many cases, the owners) are likely liable to pay Fringe Benefits Tax on those benefits. The FBT year runs from April to March,
Contribution and Withdrawal Rules for Superannuation
SUPERNNUATION RULES ARE COMPLICATED In true Government fashion, the rules around superannuation are complicated and difficult to follow. We have rules in place that are designed to protect the system from the rarest of circumstances,
Proposed Changes to “Stage 3” Tax Cuts
The changes to the stage 3 tax cuts have been front-and-centre in the news recently, and there has been plenty of commentary on not only the politics, and how these changes actually affect us. We’re
ATO Crackdown on Debt
ATO CRACKDOWN ON DEBT If you had to guess how much is owed to the ATO by Australians, what figure would you put on it? Millions, hundreds of millions, billions? The figure is over $50
Providing Us With Access To Your Accounting File
If you need to provide us with access to your accounting file – be it Xero, QuickBooks, MYOB, or Reckon – then view the below instructional videos on how to do just that. XERO QUICKBOOKS
Novated Leases – Traps to Look For
Summary You’ve probably heard that novated leases (particularly for a car) can potentially save you tax – but do you know about the traps that can cost you thousands (and even ten thousand or more)