Super changes: $1.6 million transfer balance cap and death benefit pensions

Where a taxpayer has amounts remaining in superannuation when they die, their death creates a compulsory cashing requirement for the superannuation provider.

Dissecting the downsizer contribution

The 2017 federal budget included an allowance for a new type of superannuation contribution for individuals looking to downsize their principal residence. Michael Hallinan details the rules around these unique contributions.

Payroll, compliance issues top dodgy practices in Aussie business

Thousands of anonymous reports to the workplace regulator have shown problematic payroll practices and shoddy internal compliance procedures are the leading causes of employee exploitation, particularly of foreign nationals. 

The Goldilocks effect – Economic and market update 4Q 17

The year 2017 was defined by a near-perfect goldilocks backdrop of steady global growth, modest inflation, and still-accommodative monetary policy, the combination of which helped fuel a broad-based rally in asset prices.

Employee travel expense deductions

To claim for transport or other employee travel expenses (like accommodation and meals) you must have incurred the expenses as part of gaining or producing your taxable income.  

Rates, inflation and yield – five graphs to help make sense of it all

The relationship between interest rates, inflation and bond yields is complex and as economists we spend a lot of our time trying to make sense of all the moving parts.

Australia. All you need to know to be the expert.

An up-to-date snapshot of Australia's vital statistics.

Tax assessments confirmed for undisclosed business income

The increasing cost of underreporting and failing to lodge.

Potential pension minefields

It has been a big year for the SMSF industry given the major policy changes the federal government made to super in the 2016 budget.

Super returns on the up despite clients’ hesitation

While many accountants have reported their clients’ confidence in super is down, it appears there’s some good news on the returns front to kick off 2018.

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