NEWS & INSIGHTS
Superannuation changes for low balance and inactive accounts
29 May 2019 There are new changes on the way for those with multiple and low balance superannuation accounts. From July 1, inactive low balance superannuation policies can be consolidated into a member’s existing active superannuation account by the ATO on behalf of...
Post Election 2019 Tax Planning
28 May 2019 The federal election is over, and while the Coalition have promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’ time. Here are 2 key areas that will affect you as a business owner in the short term. INSTANT...
The Fundamentals of Trusts
27 May 2019 What are trusts? Trusts are agreements whereby a person or other entity agrees to hold an asset for the benefit of others. Put simply, the person or other entity that agrees to hold this asset is commonly called, the trustee, and those that benefit from...
FBT: The six things currently on the ATO radar
The ATO is looking closely at fringe benefits tax (FBT) including: cars, entertainment, parking, mismatched data, personal use and late lodgements.
$30k Instant Asset Write Off Scheme
1 May 2019 If you're a small business, this is a great opportunity to consider acquiring assets to help your business flourish. What it means for small businesses The popular instant asset write off for small business has been extended and increased. The new laws:...
ATO offers free course for employer superannuation obligations
17 April 2019 Employers can access a free online course to ensure they understand their employer superannuation guarantee obligations. The course is available on the ATO website and takes approximately 2 hours to complete. The employer superannuation course is...
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