Why salary sacrifice an e-bike? Salary sacrificing a “company car” is a popular option, however did you know that there is also a tax and health incentive with another particular set of wheels — an electrically assisted bicycle (e-bike). What is an e-bike? An e-bike is defined as a bicycle-like frame fitted with an electric motor, which […]
Health And Tax Savings With A Salary-Sacrificed E-Bike! Read More »
Is your trust complying with anti-avoidance rules? The ATO advised recently that it is reviewing selected trusts’ compliance with anti-avoidance rules under S 100AA and 100AB of ITAA 1936. The purpose of anti-avoidance rules These anti-avoidance rules are designed to prevent trustees using tax-exempt entities to shelter the trust’s net income. The ATO is looking at situations
Trust Compliance With Anti-avoidance Rules Read More »
Are you SuperStream ready? With only two quarters to go until SuperStream becomes mandatory, if you are an employer, then I urge you to prioritise crossing SuperStream off your actionable items list well before the 30 June 2016 deadline. Does SuperStream apply to me? SuperStream is mandatory for all employers making super contributions, APRA-regulated funds, and SMSFs receiving contributions. As an employer, what do
SuperStream – Time Is Running Out! Read More »
Can I manage my own SMSF? Recently, a self-managed super fund (SMSF) has become almost a fashion accessory and sometimes a status symbol among friends and colleagues. There’s no doubt SMSF provides ‘mum and dad’ investors flexibility and control over their super fund. BUT, is managing your own SMSF the best strategy for non-professional investors? Do non-professional investors
Self-Managed Super Fund – Can You Manage It Yourself? Read More »
Are you a company director? Time to review your responsibilities! Company directors need to keep in mind that the Corporations Act holds directors personally liable for many of the legal and financial obligations expected from a company. Risks and liabilities The corporate regulator, the Australian Securities and Investments Commission (ASIC), says failing to perform your duties
Company Directors, Are You Clear About Your Responsibilities? Read More »
What is the purpose of this new small business grant? The grant is designed to encourage small businesses that do not pay payroll tax to hire new employees and expand their business in New South Wales. The grant is a one off payment per new position and is paid when a claim is made on
Small Business Grant For Hiring New Employees Read More »