A “watch out” for Employer Obligations – Unpaid Superannuation Guarantee!
With the New Year commencing, there is an urgent and very important issue we’d like to briefly make you aware of: Unpaid Superannuation – Penalties for Directors This article is a 2 minute read and could potentially save you the headache of an ATO Audit of your...
Important for Businesses: End of Financial Year Actions for You
Another financial year has finished! As a business owner, there are many obligations that you need to consider and action just before and after 30 June. Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. We have...
Single Touch Payroll now required for all Australian Businesses
Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more employees. The laws to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers with less than 20 employees has now passed the Senate and...
Avoid Extra Tax by Making your Trust Distribution Resolutions before 30 June 2019
In the lead-up to 30 June 2019, we want you to be aware that you need to complete your trust distribution resolutions before 30 June. Why? To avoid paying extra tax of up to 47% of Trust profits. Do you have a Discretionary Trust (also known as a Family Trust)? If...
How to “Cap” the Tax on Trust Distributions using a “Bucket Company” – Save Tax!
In the lead-up to 30 June 2019, we want you to know why using a “bucket company” can be a great strategy for saving tax on trust profits distributed PROFITS FROM A TRUST? Do you have a Trust that generates profits? If yes, then read on! A “bucket company” allows you...
2019 Tax Planning + How a Coalition Federal Election win will affect You
Now that the Federal Election has been won by the Coalition, our combined focus needs to be on how you can save tax before 30 June 2019! While the Coalition have promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’...
Save Tax – Opportunities with Super for 2019
In the lead-up to 30 June 2019, we want you to be aware of opportunities to save tax with super contributions This is tax planning advice, not financial advice, so if you are interested in this strategy, please contact our office to speak with one of our accountants...
Action Required for You to Save Tax this Year
With the end of financial year (EOFY) approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June to reduce your tax and grow your wealth For 2019, key priorities are likely to be: Maximising superannuation...
Tax – What the 2019 Federal Election means for you!
There is only a short time before the Federal Election on 18 May 2019, and there’s a lot of wild speculation and “fake news” in the media. We spent a considerable amount of time debating if we should comment on such a sensitive topic. We’re not trying to recommend who...
Minimise Your Business Tax
Minimise Your Business Tax Tax Planning GuideImagine what you could do with tax saved? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property Upgrade your Car Here’s a guide to the strategies you can use to minimise your business...
Minimise Your Personal Tax
Minimise Your Personal Tax Now's the time to review what strategies you can use to minimise your tax before 30 June 2019. Imagine what you could do with tax saved? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property...
Thoughts for the year ahead – Tax + Wealth-2019
Thoughts for the year ahead - Tax + Wealth in 2019 There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Labor are proposing the following: Individuals could be affected by: Losing franking credit...
Annual Tax Returns
What can I claim against my tax? It's tax time again - what can you claim to reduce your tax? Please take just 2 minutes to read this blog article. We'll explain: Deductions you can claim; The importance of a fantastic tax accountant; The 'tax trap' you need to...