The annual Chartered Accountants Australia & New Zealand Employment Evening was held at the Perth Convention & Exhibition Centre on Wednesday March 13.
The event is an excellent opportunity for accounting students to network with members of Perth’s top accounting firms, hear from industry guest speakers and engage in mock interviews.
Shakespeare Financial Group was represented by General Manager Tony Da Silva (middle) and Accountants Carden Taylor (left) and Nicholas Pike (right), who were on hand to offer career and industry advice to the attendees.
The event was attended by approximately 500 students from WA and from all accounts was a well enjoyed and very successful evening.
Shakespeare Financial Group is proud to support events that benefit and nurture the future generation of Chartered Accountants in Australia.
Think the time is right to buy a house?
There’s no shortage of news about the downturn in the national property market. Since October 2017 we’ve been witnessing a steady decline in property values, and while experts continue to speculate that the end is in sight, the situation remains that property prices are the lowest they’ve been in almost 18 months.
So while it may not be a blue sky environment for property owners who need to sell, the other side of the coin is much shinier for those in the market to buy. Even more so if you’re setting your sights on a property in the sub $500k category.
From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary sacrificed amounts.
Employers with 20 or more employees have been required to use single touch payroll since 1 July 2018. The new rules push all businesses with employees into the single touch payroll system. This includes the situation where payments are made to the owners of the business in the form of salary, wages or directors fees.Read More
There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election.
Individuals could be affected by:
- Losing franking credit refunds to their Self-Managed Super Funds and to themselves
- Paying higher capital gains tax
- Losing tax benefits from negative gearing into investment property
Australian businesses who employ 19 or fewer employees will have until 1 July 2019 to get ready for mandatory Single Touch Payroll reporting.
The requirement is already in place for businesses who employ 20 or more staff, which became mandatory on 1 July 2018.Read More
SMSF trustees need to truly understand diversification and better diversify their portfolios.
The benefits of a well-diversified portfolio are numerous but the key ones that SMSF trustees should focus on are the benefits of mitigating volatility and short-term downside investment risks, preserving capital and the long-run benefits of higher overall returns. By spreading an SMSF’s investments across different asset classes and markets offering different risks and returns, SMSFs can better position themselves for a secure retirement.Read More
Life does not always go to plan. While we logically know that, most of us don’t plan for the worst – it’s all a bit morbid and time consuming.
The downside of not planning is the potential for hard earned assets to be squandered, family fall-outs, and money handed to the Government that could have been distributed in accord with your wishes. If you are a business owner, then the stakes are even higher.Read More
Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income.
If you are an Australian resident and earn income from overseas, such as income from investments, sale of assets such as property, distributions from foreign trusts, etc., you will generally need to declare that income in your Australian tax return. If you have paid tax in a foreign country on that income, you might be able to claim a foreign tax offset to reduce your Australian tax liability.Read More