There are certain business activities that can be carried out that qualify you to be a primary production business.
Age Pension – Requirement and New Legislation
Are you currently receiving the age pension? Are you aware of the new legislation to take place from 1 January 2017?
Withdrawing your Super Money
A condition of release allows a member to take money out of super provided they satisfy a condition.
Expense Claims in Xero
An expense claim is a collection of receipts from spending personal money that the organisation needs to pay back to you.
Long Term Compounding
Compound interest is interest paid on the initial principal as well as the accumulated interest on money you have invested.
Objecting ATO Decisions
If the ATO makes a decision that you don’t agree with then you may be eligible for make an objection or appeal.
Aged care changes and the family
Decisions around aged care are always difficult and emotional. From the start of next year they are likely to get even more complex, with both the Age Pension and aged care sectors set for another shake-up. Currently, many people entering aged care choose to keep their former home and rent it out to help supplement
Audit Insurance – Why?
It is a common misconception that you will only be audited if you are not compliant. The approach by the Australian Taxation Office (ATO) and other government bodies in this respect has changed. In addition to audits, the ATO and other government bodies have significantly increased the number of enquiries, investigations and reviews they are
Super gets a Makeover, again
Just when those saving for retirement thought the rules couldn’t get any more complex, the Turnbull Government has revised some of the key elements of the controversial superannuation reforms it announced in the May 2016 Federal Budget. After some noisy criticism, amendments were announced in mid-September to water down the more contentious elements. Despite this,
Think you are covered?…think again!
How well are your insurance needs covered? Many of the clients we see have insurance in their industry super funds, and for that reason (often wrongly) believe ‘they have adequate insurance’. This type of insurance cover they have is known as Group Insurance and can be a real danger if you don’t know exactly what you are covered
