Inside this month's Your Knowledge Update, we explore the importance of estate planning, the problem with foreign income tax offsets and warn that human error is the most common cause of date breaches. Download this month's issue here - Your Knowledge Update - February 2019
The ATO has announced that it will be extending its data matching program to include information relating to share sales. ASIC will now be providing details on all share transactions (including price, quantity and date) dating back to 2014. The ATO previously received information from brokers, share registries and stock exchanges meaning this announcement now [...]
Inside this month's Your Knowledge Update, how to classify workers in the sharing economy, the new legislation that denies a tax deduction if you don't meet your tax obligations and the next stage of the ATO's data matching program. Download this month's issue here - Your Knowledge Update - December 2018.
Inside this month's Your Knowledge Update, the accelerated tax rate reduction for small business, the new rules for gift cards and travelling to and from your investment property. Download this month's issue here - Your Knowledge Update - November 2018.
Inside this month's Your Knowledge Update, the ATO's home office expense crackdown - what you can and can't claim. Plus, what does the US/China trade war mean for Australia? Download this month's issue here - Your Knowledge Update - October 2018.
Inside this month's Your Knowledge Update, the online rental blitz with 190,000 taxpayers 'examined' by the ATO, the new company tax and franking rates explained, and the new inheritance tax safe harbour. Download this month's issue here - Your Knowledge Update - September 2018.
Do you have a trading name? Have you registered your trading name with the ASIC? Starting November 2018, all trading names will be removed from the ABN lookup on the Australian Business Registrar website. From November 2018 onwards, if you wish to trade under a specific name you will need to register it as a business [...]
Topping up your Super by “Downsizing” your Family Home From the 1st of July this year, it is possible for retirees to make an additional contribution to their superannuation from the proceeds of “downsizing” their family home. This is a fantastic opportunity for anyone aged over 65 to top up their super balance by up [...]
In this month's Your Knowledge Update we pose the question of whether Australians are really willing to pay more to support our farmers and if you are holding back your business by not doing some simple things. Download this month's issue here - Your Knowledge Update - August 2018.
Superannuation Contributions for 2018/2019 The contributions that a member can make into a superannuation fund will depend on whether those contributions are classified as “concessional” or ”non-concessional contributions”. Concessional contributions refer to contributions made with before tax dollars while non-concessional contributions refer to contributions made with after tax dollars. For example. Employer contributions including salary- [...]