How highly taxed are we compared to other countries? – April 2014 While many of us may feel that we’re already paying enough to the taxman, recentOrganisation for Economic Co-operation and Development (OECD) data reveals that Australia is in fact…
Emergency contingency plan for your business – April 2014 Your business is critical to your financial well being and could also be a necessary service to the wider community, so it’s important to protect what you can in times of…
Tax Office may add business tax debt to credit ratings The Tax Office is considering adding tax debt to credit ratings in its effort to chase small business debt, as it found around $190 million in unpaid superannuation was lost…
It is typical for people to consider stamp duty, land tax and income tax implications when they sell a property, but remember that it is equally important to consider whether the transaction will be subject to goods and services tax…
The hidden impact divorce can have on your superannuation savings According to research by a large retail superannuation firm, going through a divorce can lump 10 more years on to the average Australian’s working life, as they endeavor to re-establish…
There’s a warning that sharemarket investors will hear at least once in their lives in some form or other – base decisions on investment merit, not on trying to save tax. It’s a maxim that has been put a more…
Welcome to the Insight Accounting 2014 Footy Tipping competition! Please enter at footytips.com.au by following the links below. Remember to be eligible to win you must like Insight Accounting on Facebook! This way you can also keep up to date…
Court decision on trade incentive payments could have far-reaching GST consequences– March 2014 A recent decision by the Full Federal Court dealt with the goods and services tax (GST) treatment of four types of manufacturer incentive payments made to a…
It is typical for people to consider stamp duty, land tax and income tax implications when they sell a property, but remember that it is equally important to consider whether the transaction will be subject to goods and services tax…
The current FBT year is just wrapping up, and it has been a period of potential turmoil with the proposal to scrap the statutory formula method for calculating car benefits. However not long after this landed on the legislative table…