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 …

Downsize to boost your super

People aged 65 or over are now able to make additional non-concessional contributions of up to $300,000 from downsizing their home, subject to certain conditions. This is in addition to the concessional and non-concessional contribu …

Does your SMSF have a sole purpose?

The sole purpose test is one the fundamental requirements for Self-Managed Super Funds (SMSFs) to obtain tax concessions. It requires that the SMSF be maintained for the sole purpose of providing retirement benefits to its members – …

Corporate tax rates. Certainty at last.

There’s finally some certainty about the corporate tax rate(s). Legislation has recently passed Parliament and the fate of other proposed changes has also been finalised. The law is settled, so it’s a good time to remind ourselves w …

Compound Interest – the most powerful force in the universe!

When saving for a long-term goal, such as retirement, is it better to save small amounts for a long time, perhaps saving when we can ill-afford to, or waiting until later in life and putting larger amounts aside when it is more affo …

Stake your claim at tax time

It's 2017-2018 FY tax time and that means a lot of people will be confused about what they can and can't claim as legitimate expenses on their tax returns. So as an industry leader in the area of tax and compliance, we thought we'd …

Self-Managed Super. Need to know.

If you’re a trustee of one of the approximately 577,000 self-managed superannuation funds (SMSF) in Australia at the moment, there are some areas the Australian Tax Office wants you to pay particular attention to …

What small businesses must have. The top six.

Being an intelligent spender is crucial for small business owners. You have to watch every dollar in order to manage cash flow, pay staff (and yourself), and generally stay in business. But being cash-conscious shouldn't mean spendi …

Insolvent Trading: New Safe Harbour Defence

Insolvent trading. If you’re a company director you know only too well that those two words are bad news. …

Tech-crims are getting smarter.

Electronic communications have long been dogged by a technique called “spear-phishing”, where cybercriminals target an individual using personal information about them. Now “CEO scamming” has quickly turned into a billion-dollar lin …