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19 hours ago

MCA Accountants

There are many success stories from Self Managed Super Funds, but many people go in blind. Find out what you need to know before starting one at bit.ly/2Ky3bOR ... See MoreSee Less

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2 days 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 days ago

MCA Accountants

Tax Tip: Accrued Wages - Businesses are generally able to claim a tax deduction for wages (incl. directors fees) and bonuses a time the liability to pay your staff is determined and irrevokable, regardless of when it is paid For the employee receiving the wage, it is only taxable when paid to that person. This opens up the opportunity to claim a tax deduction this year for a bonus or directors fee in the business, and pay tax on it next year. It's essentially a deferral of tax for a year ... See MoreSee Less

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