Client Newsletter – December 2018
Click here for a pdf version of this article. Do you need an agreement with your business partner? Going into new business with other people…
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Regulatory Roundup – December 2018
The shake up that’s coming to Division 7A Discussion about reforms to Division 7A has been bouncing back and forth between Treasury and the ATO…
Could your SMSF survive losing refundable franking credits?
You may or may not subscribe to the belief that Australia faces a change of government in the near future. The arguments for and against…
Carrying on a business through your SMSF
Under the regulations, self-managed super funds (SMSFs) are not prohibited from carrying on a business, however the business must be: – allowed under the SMSF’s…
How much do we need to retire?
The question of how much a person needs to have saved before confidently launching into their retirement years very much requires an individual answer. The…
Renting out part or all of your home
If you rent out part or all of your home, the rent money you receive is generally regarded as assessable income. This means: – you…
Three-quarter FBT year compliance check-up
As the FBT year runs from 1 April to 31 March, the months of October to December marks the “third quarter” of the FBT year,…
The work Christmas party
It’s not quite Christmas time yet, but most businesses will be in the process of thinking ahead to the yuletide festivities, if not already into…
Franking and the new corporate tax rates
As many taxpayers will know, the maximum franking credit that can be allocated to a frankable distribution paid by a corporate tax entity is based…