Inside this month's Your Knowledge Update; the vacant land deduction changes that will hit 'Mum & Dad' property developers, the changes to how SG is calculated for certain employees and we investigate if the ATO can take money out of your account. Download this month's issue here - Your Knowledge Update - November 2019
What is your preservation age and what does it mean for you? There is a misconception out there that everyone’s preservation age is 55, however as of 2015 this has changed. A person’s preservation age is now dependent on their date of birth, the table below details how to determine your preservation age. Date of [...]
As of 1st October 2019, the ATO will alter an SMSF’s status on the Government’s ‘Super Fund Lookup’ website to ‘regulation details removed’ if the SMSF is more than two weeks late on any annual return lodgement due date. The ATO will only restore the SMSF’s complying [...]
Inside this month's Your Knowledge Update; the superannuation guarantee amnesty, what the historically low interest rates mean for you and an alert about trust distributions to non-resident beneficiaries. Download this month's issue here - Your Knowledge Update - October 2019.
Inside this month's Your Knowledge Update, the ATO is clamping down on undisclosed foreign income, what rental property expenses you can and can't claim and ATO concerns about the lack of diversity with SMSF investment strategies. Download this month's issue here - Your Knowledge Update - September 2019. rent online concept, woman using internet website for [...]
Inside this month's Your Knowledge Update, confusion over the personal income tax changes and what you are really entitled to, why the Government does not want your business accepting cash payments of $10,000 or more, the tax treatment of compensations from financial institutions, and FBT and ride sharing services. Download this month's issue here - [...]
Inside this month's Your Knowledge Update, we discuss the confusion over superannuation and insurance, who is exempt from single touch payroll and what are the top 5 tax cheat 'tip-offs' to the ATO. Download this month's issue here - Your Knowledge Updated - July 2019
Inside this month's Your Knowledge Update, we look at the key areas the ATO will be scrutinizing in your tax returns and the geographical areas they will be visiting as part of a nationwide crackdown on the black economy. Download this month's issue here - Your Knowledge Update - June 2019.
Inside this month's Your Knowledge Update, we explore what a change in Government might mean and the outcome of of the Budget announcements. Download this month's issue here -Your Knowledge Update - May 2019
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 [...]