Blog

We will help you to understand financial & accounting services.

Newsletter – December 2019

Australia embraces Black Friday and Cyber Monday The Black Friday and Cyber Monday sale concepts have well and truly arrived in Australia with retailers embracing this latest retail event to stimulate what has been an economically lack lustre year. Why Black Friday? For many Australians, Black Friday is just confusing – shouldn’t Black Friday’ be […]

Read More

Newsletter – November 2019

CGT and the family home: expats and foreigners targeted again The Government has resurrected its plan to remove access to the main residence exemption for non-residents – a move that will impact on expats and foreign residents. Back in the 2017-18 Federal Budget, the Government announced that it would remove the ability for non-resident taxpayers […]

Read More

Thoughts on Investing

Should you buy when markets are high? We look at how you would have done in the past by investing at market all-time highs. There are a few days every year in the shopping calendar you can rely on to get a bargain – Black Friday, Cyber Monday,  Boxing Day sales (singles day is also […]

Read More

Newsletter – October 2019

ATO take ‘gloves off’ on overseas income Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time the gloves are off. How you are taxed and what you are taxed […]

Read More

Newsletter – July 2019

Super, insurance and exit fees: The 1 July changes From 1 July 2019, new laws prevent superannuation funds from eroding member balances with unwanted or unnecessary insurance and exit fees. Plus, inactive accounts with low balances will be moved to the ATO to try and unite the unclaimed super with its owner. These changes do […]

Read More

Newsletter – June 2019

Tax time: Are you in the ATO’s sights? A consistent theme this tax time is overclaiming and under reporting. With the Australian Taxation Office (ATO) getting more and more sophisticated in its data matching approaches, taxpayers can expect greater scrutiny where their claims are more than what is expected. We take a look at the […]

Read More

Newsletter – Pre-Election 2019

What you can expect after the election Headlines only explain so much. In this special update, we examine where the 2019-20 Federal Budget left us, and the pivotal policies from the ALP on tax, superannuation and business. There are no guarantees, however, that any policies or announcements not already legislated will come to fruition-that will […]

Read More

Newsletter – March 2019

Single touch payroll extended to all employers From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary sacrificed amounts. Employers with 20 or more employees have […]

Read More

Newsletter – February 2019

What would happen if… Life does not always go to plan. While we logically know that, most of us don’t plan for the worst – it’s all a bit morbid and time consuming. The downside of not planning is the potential for hard earned assets to be squandered, family fall-outs, and money handed to the Government that […]

Read More