Make sure your estate is not left in shambles and ensure your wishes are carried out by planning ahead.
An estate plan will ensure your wishes are carried out when you pass away. It can also assist if you become unable to make [...]
Superannuation Stapling – what you need to know as an employer
What is Superannuation Stapling? Superannuation Stapling was announced in the 2020/21 Federal budget and came into effect from 1 November 20201. Under this measure, existing [...]
FBT Entertainment – Christmas parties are not deductible
It is common across many industries to take both existing clients and potential clients out for meals to build on their business relationship, with costs often [...]
Director Identification number are here – what do you need to do next!
As of 2nd November 2021 the ATO confirmed the implementation of new requirements for Directors regarding the director identification number has come into effect. What [...]
Did Your Super Fund Pass The Test?
Following a response to a recent Productivity Commission report into superannuation, the Australian Prudential Regulation Authority (APRA) recently released the first results of it’s annual [...]
SMSF – Corporate Trustee vs Individual Trustee
All members of an SMSF are required to be either trustees personally, or alternatively directors of a company which becomes a corporate trustee. Ensuring all [...]
Private Company Benefits – Division 7A – when it rises, how payments are dealt with and common mistakes.
In 1998 Division 7A was introduced as an anti-avoidance clause to prevent individuals taking money out of companies in a tax-free manner. Caution needs to [...]
What you need to consider for your Income Tax Return
The end of the financial year is a great time for individuals and businesses to get their finances in order. Under the tax law, individuals [...]
Taxable Payments Annual Report (TPAR) lodgements are fast approaching.
Find out if your industry is now required to lodge and what your reporting obligations are. TPAR are an industry-specific report companies need to complete [...]
Single Touch Payroll (STP) – Phase Two is coming
Single Touch Payroll Single Touch Payroll (STP) is a regime that was introduced 1 July 2018 for employers with 20 or more employees and 1 [...]