Maximising your super contributions

Getting money into super has become a great deal harder in recent years, with various layers of caps complicating one's ability to contribute. Adding complexity to the issue, there have been new caps in some areas and reduced caps i …

Navigating changes to super: The 10 per cent rule.

Superannuation is usually talked about as having three tax benefits. It is a tax-effective way of receiving income because contributions are taxed at 15 per cent. The fund's earnings are only taxed at a maximum rate of 15 per cent. …

Getting your personal super deductions right.

Recent changes to the law mean many more Australians can now claim deductions for their personal superannuation contributions. But while the eligibility requirements have been lowered, the process for claiming deductions is not stra …

Election 2019. A countdown to change?

The majority of adult Australians will be well aware that a Federal Election is looming in the coming months. By their very nature, elections bring about change – regardless of whether the incumbent party is returned to office or t …

Single Touch Payroll - Mark II

This time last year there was a lot of talk about the 1 July 2018 introduction of Single Touch Payroll (STP) reporting for businesses with 20 or more employees. Now the focus turns to smaller businesses - those SME with fewer tha …

Super changes to help women

In a raft of initiatives aimed at improving economic outcomes for women, particularly in the superannuation space, the government has proposed changes, including extending the ability to access early release of superannuation for wo …

Sole Traders. The Top 10 challenges.

Taking the leap and becoming your own boss is a risky venture at the best of times, but the risks for sole traders is substantially higher than other types of businesses. It was found that sole traders are more likely to fail than a …

Christmas parties and the ATO

Throwing a work Christmas party this year? Giving out some gifts? There’s a tax for that - Fringe Benefits Tax, and if you aren’t careful you could get a surprise call from the Australian Tax Office. …

Aussies not worried about the share market

Fewer than one-in-10 Australians view share market volatility as a major monetary worry heading into 2019, according to a new report. Despite a mixed year across the markets – headlined by rising international tensions, a cooling pr …

Pensioner or Seniors Concession Card?

Depending on where you reside in Australia, there is a wide variety of cards and concessions on offer to people over the age of 60 or 65. But working out what card is right for you can cause a degree of confusion - do I automatic …