STR is a significant change for business tax compliance, though for now those businesses that need to make this charge have 20 or more employees. Changes take effect on 1-7-2018, 12 months later for businesses with less than 20 employees.
By Joddy Chikomwe, Accountant There are a lot of tax deductions that relate specifically to people working in the medical industry which are often overlooked and not claimed because people do not know. As we approach the end of the financial year and tax time is upon us once again, the following tax-deductible expenses have […]
Sizeable cryptocurrency transactions will “come to the attention of the ATO” under new rules that came into effect this week, so a mid-tier firm has put together a checklist of key considerations to keep SMSF investors compliant.
New rules ensure that companies with more than 80% passive income will not qualify for the reduced company tax rate.
By Jane Kemsley, Director, Pembertown The end of the tax year is edging closer. If you haven’t planned how you will maximise your income and save some tax, take note! The most effective strategies are often the simplest and can be applied before 30 June this year whilst others should be considered for next year. […]
Three ingredients to attaining your retirement goals: give yourself enough time, utilise professional assistance and increased financial literacy.
In a bid to avoid common basic errors in the lead up to June 30, BDO has released a checklist for SMSF professionals to be wary of.
The tax office has issued a reminder to tax professionals about some simple, but common, errors which often attract its attention with fringe benefits tax (FBT).
SMSF trustees are often unaware that if they move overseas for an extended period of time, their SMSF may fall foul of the ATO’s residency rules and they may face a heavy tax bill.
Armed with this information you'll be a conversation magnet at any party.