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 …

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 …