2015 was Challenging Times for Investors
2015 in investment markets was a challenging time for investors, with global economic uncertainty causing more financial market volatility than we have had in a number of prior years.
Hot Topics
Leaving Your Super to Beneficiaries: Proceed with Caution
Binding death benefit nominations, or BDBNs, have been part of the superannuation landscape for quite some time – but not all have worked as intended.
Tax Office and State Government Audits for Subcontractor Agreements
For a wide variety of reasons, it is becoming increasingly common for businesses to engage subcontractors rather than employing persons directly.
Christmas Office Closure 2021
We wish all our clients and their families a wonderful Christmas and fabulous holiday season. And may 2022 be a healthy, wealthy and wise year for us all!
Improvements to ASIC/Corporate Compliance Services
Our Corporate Compliance service is now provided to you by our in-house legal team instead of our administration team.
CGT Rollover Relief
Many business owners are aware of the basic commercial elements required to qualify for Small Business Capital Gain Tax relief Provisions. But there are some under-utilised opportunities and some traps to avoid...
Profit & Loss For Sale - How Can I Do These Myself?
The Profit & Loss "For Sale" is an adjusted P&L which removes aspects which are not business related (i.e. personal matters). It also requires other adjustments ...
Company Constitutions Ever Get Updated?
Company Constitutions – What are the consequences of a Constitution Past it’s Use By Date?
SMSF Auditors Being Closely Watched by ATO
The mandatory reporting regime where Auditors must make Contravention Reports to the ATO where non-compliant funds are found has resulted in thousands of Contravention Reports being lodged in Calendar 2013. Trustees are well advised to retain the services of up to date competent professional advisers.
Medical Expenses Tax Offset Phase Out?
If the Treasury proposal is adopted on Medical Expenses from 2019 on-wards there will be no point collecting your medical expense receipts.
Changes to Super Laws
The Abbott Government has completed it’s review of the superannuation and tax changes announced by the previous Labor Government but which had not been passed into law before the federal election earlier this year. As a result there ARE changes to Super Laws – Already Introduced and Pending Parliament Approval.
Div 7A & Family Property Settlements
In TR 2013/D6 the ATO has reversed its position and indicated that a payment from a private company to a spouse pursuant to a court order will not satisfy the requirements for exemption under section 109J and will be a deemed Division 7A dividend and as a result tax will be payable on these payments now.