Have you sorted out Single Touch Payroll arrangements for your small business? If not, it’s time to get cracking because all employer businesses must be fully on board with this electronic payroll reporting standard by the end of Se …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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. …
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 …