Financial Stimulus | Market Update

It has been another unsettling week in the financial markets but as we write, it seems to be taking a breather (in relative terms) from all of the media noise and is now digesting the recent announcement from the Reserve Bank of Aus …

Thousands of Expat Australians face Capital Gains Tax hit

Australian property owners living overseas have until the end of June 2020 to sell their homes if they want to avoid big Capital Gains Tax bills. …

Company Directors will be personally liable for unpaid GST

Federal Parliament has recently passed legislation to include GST in the Director Penalty Notice (DPN) regime, and it is expected to come into effect on 01 April 2020. Currently, company directors are personally liable for unpaid su …

The Coronavirus Economic Stimulus Package: What You Need To Know.

The Federal Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the Coronavirus. The yet to be legislated four part package focuses on business investment, sustaining empl …

Changes to Income Protection Insurance Policies

At the end of 2019, the Australian Prudential Regulation Authority (APRA) announced important changes to retail income protection insurance - and some of these changes are expected to take place from 01 April this year. The changes …

Christmas parties and the ATO

If you're throwing a work Christmas party this year or giving out gifts and staff bonuses, 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. …

Engaging contractors. Should you pay their super?

Now here's a case study that will make many employer business owners take notice. The courts recently ruled that a "sub-contractor" engaged by a property maintenance business was actually an employee (and not an independent cont …

Work travel claims for your business

Do you sometimes take work trips for your business – perhaps to conferences, trade shows or to visit interstate or overseas clients? When a trip is clearly for business purposes only, the rules for deducting your expenses are reason …

Commonwealth Seniors Health Card – are you eligible?

We're all aware that for a person to be eligible for the age pension, their assets and income need to be below the relevant thresholds and of course they need to reach the required age. …

Why it pays to get life insurance in your 30s

For many young Australians insurance is one of those things that is pretty low on the to-do list — something for their future self to worry about. But what they may not realise is that life insurance is not just for oldies, but r …