Super Guarantee Payments Update For 2020
Update For Super Guarantee ATO’s new super guarantee requirements From 1 January 2020, if you make super contributions for your employees under an effective salary sacrifice arrangement: You must calculate …
Personal Services Income In Detail
What is Personal Services Income? The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person. It does not …
ATO Works On A Better E-Invoicing System
E-invoicing helps reduce payment times and improve cash flow The headline above may give the impression that electronic invoices are a futuristic concept, but of course even today there is …
PPSR (What Is It And How Does It Work?)
If you’re in business, you need to know about the PPSR … Many businesses can take a simple step to better manage the risk that can attach to certain assets. …
Small Business | Low-Cost Assets And The Threshold Rule
The small business threshold rule There is a rule in the tax law that allows a business that doesn’t use simplified depreciation to claim an immediate deduction for most business …
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Investment Strategy | SMSF Trustee Duty Not To Be Forgotten
Preparing an investment strategy The majority of people who set up their own SMSF say that “control” is a big reason for doing it. There is flexibility and benefits in …
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FBT Tips for Christmas
Plan your tax for the holiday season too Employers know that popping a champagne cork or two to celebrate the festive season lets staff know their efforts are appreciated and …
Lodging Your Australian Tax Return From Overseas
Australian tax return and “worldwide” income Most people’s “to-do” list when they are planning a trip overseas will likely include items such as travel insurance, phone chargers or taking photos …
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Property Development And Tax Obligations
The ATO keeps an eye on property developers The ATO seems to be always looking over the shoulder of property developers to make sure they are complying with their tax …