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 …
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 …
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 …
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 – …
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 …