Superannuation

/Superannuation

Topping up your Super by “Downsizing” your Family Home

By | 2018-08-14T10:40:07+00:00 August 14th, 2018|Accounting, SMSF, Superannuation, Tax|

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 [...]

Superannuation Contributions for 2018/2019

By | 2018-08-13T15:31:43+00:00 July 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- [...]

Your Knowledge Update – May 2018

By | 2018-05-31T11:50:21+00:00 May 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  

Your Knowledge Update – April 2018

By | 2018-04-19T11:35:00+00:00 April 18th, 2018|Accounting, Hospitality, Small Business, Superannuation, Tax|

In this month's Your Knowledge Update we look at what you should know in relation to Single Touch Payroll, if you should use the new super measures when you buy/sell your home and which tax deductions are being closely scrutinised by the Taxation Office. Download this month's issue here - Your Knowledge Update - April 2018.  

Single Touch Payroll

By | 2018-03-15T12:58:28+00:00 March 15th, 2018|Accounting, Hospitality, Small Business, Superannuation, Tax|

Single Touch Payroll Starting from 1st July 2018, Single Touch Payroll (STP) will be mandatory for businesses that have 20 or more employees on 1st April 2018. Draft legislation proposes extending mandatory STP reporting to businesses with 19 or less employees from 1st July 2019, however these employers are able to voluntarily op-in beforehand.   [...]