The ATO has noticed an increasing trend of scammers demanding tax payments through Bitcoin and ATMs. The ATO’s advice is simple; it will never ask a person to make a payment into an ATM or via gift or pre-paid cards such as iTunes and Visa cards or ask for […]
Following a series of ATO audits conducted on SMSFs in recent months, the ATO has been applying non-arm’s length income to a number of SMSFs resulting in serious tax consequences for these funds, warns an industry consultant.
The stories about people who have embraced the FIRE — it stands for Financial Independence Retire Early — movement are fascinating.
Australian businesses with an annual turnover of more than $75,000 must be registered for GST. Charging an extra 10 per cent on top of services sounds simple, yet a number of traps routinely catch small business owners. By Jane Kemsley, Director Businesses falling beneath the $75,000 threshold are not required to register for GST. Those […]
You may have read about the latest ranking of Australia as one of the best countries for retirees in terms of lifestyle and retirement-income systems.
Behavioural coaching is a major component in how a financial planner adds value to your portfolio.
Both the Tax Office and the corporate regulator see property investment in superannuation as a “live issue”.
On behalf of all our staff we wish our clients a Merry Christmas, Happy New Year and a great holiday period.
ATO Commissioner Chris Jordan has urged small businesses not to panic over the transition to single touch payroll as he commits to ensuring businesses will not be forced to purchase payroll software.
While investment advice is the most valued by SMSF clients, compliance and tax are still the areas that SMSF trustees required the most assistance with, according to recent research.