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Superannuation Contributions for 2018/2019

By |2018-08-13T15:31:43+10:00July 31st, 2018|Accounting, Hospitality, Small Business, Superannuation, Tax|

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- [...]

How does the ATO use it’s data-matching system?

By |2018-08-13T15:25:45+10:00July 6th, 2018|Accounting, Hospitality, Small Business, Tax|

How does the ATO use it's data-matching system? The ATO uses its data matching services to ensure individuals and businesses are correctly reporting all of their income. The ATO collects data from a wide range of sources including banks, financial institutions and government agencies. The system has been put into place by the ATO to [...]

Your Knowledge Update – May 2018

By |2018-05-31T11:50:21+10:00May 15th, 2018|Accounting, Hospitality, Small Business, Superannuation, Tax|

In this month's Your Knowledge Update we look at what the ATO's statistics reveal about Australians and review proposed CGT legislation that has potentially serious tax implications for expats and foreign residents who own residential property in Australia.  Download this month's issue here - Your Knowledge Update - May 2018