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3 months ago

MCA Accountants

Life insurance is not tax deductible if help by an individual, but if held inside superannuation it is tax deductible - plus you have the benefit of of the premiums not coming from your personal funds ... See MoreSee Less

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3 months ago

MCA Accountants

If your business is suffering financial difficulty, then it may already be too late to change your structure to protect yourself. Anything done while insolvent can be undone, and in addition a bankruptcy trustee can undo any transfers if they are done for the purpose of defeating creditors. The only safe time to start your asset protection journey is well before you "need" protecting ... See MoreSee Less

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3 months ago

MCA Accountants

Using an excel spreadsheet, a cash book, or shoebox of receipts to help manage your business financials?? Learn the benefits of the new wave of cloud accounting products at bit.ly/2KFn0UB ... See MoreSee Less

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3 months ago

MCA Accountants

Tax-effective living away from home allowances need to meet a couple of strict conditions:
- Employees must be required to live away from home
- Allowances paid must be under the relevant ATO thresholds
- The employees must provide a written declaration to the employer
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