Community Archive
CommunityTax
Navigating the world of food and GST can be like weaving through a maze. A delicious maze, albeit.
CommunityTaxTax Champion
It’s Christmas time and I come bearing gifts! No, it's not gold, frankincense, and myrrh. It’s some tax information on what you can and can’t claim as an employer.
CommunitySmall Business Tax Advice
In Australia, around 34 million gift cards are sold each year with an estimated value of $2.5 billion.
CommunityLiving Estate PlanningTax
There are other administrative tasks that you may consider attending to at the same time, such as applying for a tax file number (TFN) for the kids.
CommunityLiving Estate Planning
With one in three first marriages and one in two second marriages ending in divorce, perhaps the biggest risk to your estate is not a GFC, it is poor estate planning.
CommunityTax
The ATO has been made aware of fake tax agents who are conning members of the public and making them believe that they owe debt.
CommunitySmall Business TaxTax Champion
I want to give you my honest and fair opinion of what’s out there on the market. Firstly, let’s examine the most popular ones - MYOB, Quickbooks and Xero.
BlogCommunityTax
There are many third party services popping up that make it possible for your car to earn some income while you are not using it, such as Car Next Door, Carhood or DriveMyCar Rentals. But, the ATO are now examining these arrangements to ensure everyone is paying their fair share of tax.
CommunityPropertyTax
Travel expenses relating to inspecting, maintaining, or collecting rent for a residential rental property cannot be claimed as deductions by investors. The travel expenditure is also not recognised in the cost base of the property for CGT purposes.
CommunitySMSF
A chance to catch up! If legislated, the Amnesty will provide a once-off opportunity for employers to disclose super guarantee (SG) shortfalls which occurred between 1 July 1992 and 31 March 2018 without penalty.
BlogCommunitySMSF
The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind.
The sole purpose test underpins access to your superannuation – that is, superannuation is for the sole purpose of providing retirement benefits to fund members, or to their dependants if a member dies before retirement.
CommunitySMSF
From 1 July 2018 older Australians (65 years or over) will be able to contribute proceeds from the sale of their home to their superannuation fund under “Contributing the proceeds of downsizing into superannuation’ measure that became law in December 2017.
