Guidance on how to deal with instant asset write-off uncertainty — at last – June 2014 As most small businesses know, the previous government introduced a number of small business tax relief measures as part of its Mineral Resources Rent…
With the 2013-14 financial year quickly drawing to a close, it would be the ideal time for individuals to undertake some tax and superannuation planning for the year. The checklist below outlines some pertinent matters to consider and provides planning…
Measures set to kick off on July 1, 2014 The first section of this article outlines measures that are definitely going ahead come the new 2014-15 financial year, while the second section contains changes outlined in the recent Federal Budget…
The announcement from the Federal Budget of a three year Temporary Budget Repair Levy on high income individuals (2% in excess of $180,000 — see our Budget report for details) will result in the top marginal tax rate increasing from…
The first section of this article outlines measures that are definitely going ahead come the new 2014-15 financial year, while the second section contains changes outlined in the recent Federal Budget that have yet to be legislated. It is prudent…
Rethink your business tax return strategy with the “debt levy” The almost definite passage of the government’s “debt levy” will directly hit many small businesses, particularly those that are unincorporated – which comprise up to 70% of small businesses –…
Victim of identity theft? The taxman can help The first section of this article outlines measures that are definitely going ahead come the new 2014-15 financial year, while the second section contains changes outlined in the recent Federal Budget that…
Most independent contractors take care of their own tax liabilities (instead of the employer withholding employees’ tax under the PAYG withholding system) and therefore may require an Australian business number (ABN) to avoid having tax deducted at maximum rates from…
Delivering his first Federal Budget statement, the Treasurer once again emphasized the tough decisions, the fiscal mess his predecessors left behind and the heavy lifting all of us have to do to fix it. However his statement was remarkably light…
Tax and marriage: Tips on nuptial know-how Every couple’s “big day” will of course be marked more by flying champagne corks and numerous speeches of questionable quality, instead of the tax implications that go along with swapping rings. Having a…