Superannuation Changes – A Summary

December 2016

23 November 2016 super reforms passed through parliament Objective of superannuationProvide income in retirement to substitute or supplement the Age Pension Intended to encourage people to save for retirement rather than an opportunity for tax minimisation.Transfer balance...

Tax & Super Newsletter December 2012

December 2012

Tax & Super Newsletter December 2012

Tax & Super Newsletter November 2012

November 2012

Tax & Super Newsletter November 2012

Tax & Super Newsletter February 2012

March 2012

Tax & Super Newsletter February 2012

Business Purchase Tax Checklist

October 2011

In the process of buying a business, the purchaser should conduct a due diligence review to establish that they are buying what they believe they are buying. The review identifies areas of risk and contingent liabilities that the business may have and to factor these risks in the purchase price.When...

Issues with Family Trusts

October 2011

Family trusts can be a very tax effective way of managing wealth, and a useful part of an overall strategy for wealth accumulation and asset protection. What is a family trust? The term family trust refers to a discretionary trust set up to hold a family's assets or to conduct a family business. Generally,...

Budget 2011 – Small Business Tax Changes

May 2011

This article contains a summary of the key tax changes in the 2011 budget that impact on small businesses. As always, there are winners and losers. A small business for tax purposes is defined to have a turnover of less than $2 million GST exclusive. Immediate deduction for asset purchases Small business...

Employer Super Obligations on ATO Radar

March 2011

The ATO is currently conducting a compliance project on certain “high risk” industries (e.g. road freight transport, electrical and automotive repair and maintenance) to identify employers who are not meeting their superannuation guarantee obligations.Given this increased compliance focus, it is...

Superannuation Guarantee – Reminder 28 October 2010

October 2010

THIS QUARTER DUE DATE IS 28th OCTOBER 2010 We remind employers that they have an obligation to pay a minimum level of superannuation for each quarter within 28 days after the end of each quarter for most employees. If superannuation is not paid on time the employer risks having to pay a non tax deductible...

Superannuation Advice

August 2010

Our superannuation advice services include:Setting up self managed superannuation funds Transition to retirement considerations Gearing into Super Year end audit Tax returns

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