2021-07-09T19:14:46+10:0030th June 2021|Accounting, News, Superannuation, Taxation|
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions
2021-10-28T10:25:28+10:0030th June 2021|Accounting, News, Taxation|
Updated 28/10/2021
From 1 November 2021, directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers.
As director, you must apply for your director ID yourself as you will need to verify your
2021-07-09T18:56:34+10:0030th June 2021|Accounting, News, Superannuation, Taxation|
With the 2021 financial year coming to a close we’ve summarised the key 1 July 2021 changes and their implications for the next financial year.
Super guarantee rate increase to 10%
On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% – the first rise
2021-06-23T17:23:44+10:0023rd June 2021|Accounting, Superannuation, Taxation|
Are you ready for the end of the financial year?
With only a few days left in the 2021 financial year, we have one last tax strategy to share with you.
In this episode, Ryan Sheppard discusses superannuation deductions.
What are superannuation deductions?
Watch episode 6 now and find out!
2021-06-21T17:01:38+10:0021st June 2021|Accounting, Advisory, News, Taxation|
Are you ready for the end of the financial year?
The 2021 end financial year is just around the corner, have you contact us yet to see how we can help you?
In this episode, Ryan Sheppard discusses closing your books in relation to end of year prepayments.
So, what are prepayments?
Watch episode 5 now
2021-06-13T15:48:32+10:0013th June 2021|Accounting, Advisory, Cloud Accounting, Taxation|
Are you ready for the end of the financial year?
Making sure your books are in order is a crucial part of the EOFY process.
In this episode, Ryan Sheppard discusses closing your books in relation to end of year accruals.
So, how could this save you tax?
Watch episode 3 now and find out!
2021-06-06T17:44:38+10:006th June 2021|Accounting, News, Taxation|
Are you ready for the end of the financial year? The end of financial year can be stressful enough, why not let us help you strategise ways to start the new year on a high?
In this episode, Shaun Allen discusses rental property depreciation reports.
So, what is a rental property depreciation report and
2021-05-30T14:18:22+10:0030th May 2021|Accounting, Advisory, Taxation|
Are you ready for the end of the financial year? As accountants, we’re in the business of helping people so we decided to develop a series of videos to discuss strategies you can use to finish the 2021 financial on a high.
In this episode, Ryan Sheppard discusses major asset purchases, such as
2021-04-06T14:23:10+10:006th April 2021|Accounting, COVID-19, Taxation|
Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. The COVID-19 lockdowns have added another layer of complexity as many work patterns and behaviours changed.
A fringe benefit is a ‘payment’ to an employee or an associate (an associate is someone related
2021-04-06T14:37:30+10:006th April 2021|Accounting, Advisory, News, Taxation|
On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.
Drawing on key features of the Chapter 11 bankruptcy model in the United States, the new system aims to speed up the insolvency process, reduce costs and where possible, restructure
