If you’ve never heard of the term ‘balancing adjustment’ then you’re not alone. It’s one of the jargon terms accountants use and means very little…..
Super Guarantee Amnesty – Are you staying compliant?
By the end of the superannuation guarantee amnesty, 24,000 employers came forward resulting in roughly $588 billion dollars in super owed…..
Jobmaker Hiring Credit…what’s it all about?
As part of the 2020–21 Budget, the government announced a new incentive for businesses to employ additional young job seekers called…..
Property in your SMSF? This applies to you.
For many of our clients, the main reason they have a self managed superfund (SMSF) is to purchase property. This can be either commercial property…..
Interesting 2020 ATO Statistics?
While 2020 has definitely been a busy year for the ATO, they’ve recently released a list of statistics on the year that was.
Instant Asset Write Off Changes
Many of you may not be aware the government changed the legislation regarding the instant asset write off as part of ….
Exceeding your super contribution limits
There are limits on the amount you can contribute into super each financial year. If you contribute over these….
Lessons from Covid
For many of us, we’re looking forward to seeing the back of 2020. With all the hype around the start of a new decade this year, it’s definitely not turned out….
Temporary Loss Carry Back
On 6 October 2020, as part of the budget the Government announced that eligible Companies (corporate entities) would be able to utilise a loss carry back…
Tax rate changes – starting now
As a measure to get Australia through the effects of Covid, the 2020 Federal Budget brought forward (by 2 years) various tax cuts for taxpayers. These cuts take effect…
