News

The good, bad, and potentially ugly for SMSFs

“Two hundred thousand dollars is a lot of money. We're gonna have to earn it”  Clint Eastwood said as Blondie in The Good, the Bad and the Ugly, on the work a gang of three were going to have to do to find a hidden fortune.

Salary sacrifice integrity

            Legislation has also been introduced to prevent employers from using an employee’s salary sacrifice contributions to reduce the employer’s own minimum SG contributions. Some employers who offer salary sacrifice into superannuation, calculate the minimum SG contribution on the “reduced” salary rather than the “package”. This change would apply to […]

What politicians use to tell you how Australia is going.

            Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate   Access all this data here.   tradingeconomics.com

Keeping your business safe online

By Jane Kemsley, Director The Australian Competition and Consumer Commission (ACCC) received more than 5400 reports of business scams in 2017, with total losses due to these scam activities of more than $4.6 million, an increase of $900,000 on the previous year. Almost 3000 of those hit were micro and small businesses. They accounted for […]

Understanding the evolution of blockchain and cryptocurrencies

While it’s unlikely that traditional accounting will be replaced by a blockchain method in the near future, accountants should keep a keen eye for any developments and be prepared to deal with new standards in accounting for cryptocurrencies.

Estate planning in the new environment

The introduction of the transfer balance cap (TBC) on 1 July 2017 has had a severe impact on estate plans that include superannuation savings. 

Update to Australia’s vital statistics

        Please click on the following link to see all this interesting information. The areas covered are: Overview Markets GDP Labour Prices Money Trade Government Business Consumer Housing Taxes Climate   Access all this data here.   tradingeconomics.com

ATO issues alert on super, tax scams

Beware identify theft scams.

Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds

It's that time of the year again!  Use the following Checklists to speed up your tax return and to help ensure all deductions are made.

SMSFs – Our ‘hardest’ jobs

What are the hardest aspects of running your self-managed super fund (SMSF)?

Site by AcctWeb