Contribution and Withdrawal Rules for Superannuation
SUPERNNUATION RULES ARE COMPLICATED In true Government fashion, the rules around superannuation are complicated and difficult to follow. We have rules in place that are designed to protect the system from the rarest of circumstances,
Proposed Changes to “Stage 3” Tax Cuts
The changes to the stage 3 tax cuts have been front-and-centre in the news recently, and there has been plenty of commentary on not only the politics, and how these changes actually affect us. We’re
ATO Crackdown on Debt
Action Points Employers must provide a “Casual Employment Information Statement” (obtained from the below links or directly here) to all casual employees ASAP. Employers should also immediately review their casual employees to ensure they meet
Providing Us With Access To Your Accounting File
If you need to provide us with access to your accounting file – be it Xero, QuickBooks, MYOB, or Reckon – then view the below instructional videos on how to do just that. XERO QUICKBOOKS
Novated Leases – Traps to Look For
Summary You’ve probably heard that novated leases (particularly for a car) can potentially save you tax – but do you know about the traps that can cost you thousands (and even ten thousand or more)
New Rules for Claiming Home Office Expenses
Key Points Home office expenses will be a target of the ATO this year, and new rules have changed how these are claimed, including increased record keeping requirements that you need to be aware of.
Introducing Our Budget With Tax Estimator Spreadsheet
BUDGET FOR YOUR TAXES One of the most important things a business can do is budget for their taxes. We’ve all gone through the pain of getting to the end of the quarter or year
EOFY 2023 – SMSF’s
Aside from your home, your superannuation will likely be the largest asset you have – so using it wisely should be a high priority. It also provides great tax benefits that should be taken advantage
EOFY 2023 – Payroll
EOY PAYROLL REQUIREMENTS Employers have the obligation to perform certain actions at the end of a financial year to comply with the Law. The most obvious is the requirement to produce group certificates for employees