SMSF vs super wraps
Many people choose to set up self-managed superannuation funds (SMSFs) or wrap accounts as an alternative to retail or industry superannuation funds to gain more control over their investments and
How does super impact your age pension?
Whether your superannuation impacts your Age Pension depends on a number of factors, such as your age and your level of assets and income. Age pension age In order to
Protecting your au domain name
The ATO Commissioner has just issued a warning to businesses on the importance of securing your au domain name! To recap, .au direct domain names were launched earlier this year
Using business stock for private purposes?
The ATO has issued a reminder to sole traders and partners in a partnership. If you take goods from your business for your private use, make sure you accurately record
ATO payment arrangements
Circumstances will sometimes get in the way of your ability to pay a personal or business tax debt on time. If this is the case, it is vital to go
Employee or contractor?
Do you run a business and have or are thinking about hiring workers? If so, it’s important to understand the difference between contractors and employees, as you have different tax
How much do you need to retire?
Have you ever wondered how much superannuation you will have and need in retirement? The answer is it depends on a range of factors, such as your lifestyle goals, whether
What happens to your super in the event of bankruptcy?
Are you a small business owner or work in a profession where you are open to being sued? If so, have you thought about what might happen to your superannuation
The SMSF annual audit
All SMSF trustees or directors must appoint an approved SMSF auditor to audit their fund every year. Not only is an annual audit mandatory but it must be conducted by
Reimbursement versus Allowances
According to the ATO, the treatment of allowances is one of the most misunderstood areas of payroll. Whether it be misclassifying an amount as an allowance (when it’s actually a
SMSFs borrowing to invest
Thinking about using your SMSF to borrow to invest? SMSF borrowing has become a popular way of maximising retirement savings because it allows you to increase the amount available to
Extra deductions for staff training
One of the key features of the recent federal budget handed down by the government was a proposal for extra deductions for employers for expenditure incurred in training their staff.
Small business lifetime cap
Are you a small business owner selling your business or disposing of an active business asset? If so, did you know you might be able to disregard some or all
More super for lower-income workers on the way
Did you know that lower-income earning individuals who earn less than $450 per month are currently not eligible for superannuation guarantee (SG) contributions from their employer? The $450 per month
GST refresher for your business
Most businesses are familiar with how GST works. But here’s a few reminders to make sure you’re being compliant and maximising your GST claims. GST is paid at each step