Browsing Archive

March, 2019

Super

ATO to monitor high-risk LRBAs within SMSFs

By On March 25, 2019

The ATO is focusing on risky Limited Recourse Borrowing Arrangements (LRBAs) and failures in Transfer Balance Account Reporting (TBAR) in SMSFs this year. They have announced plans to contact trustees with high… Read More

Business

Cashless business

By On March 25, 2019

Advancements in technology continue to digitise our world in many ways, including financially. In recent years, more businesses and events are turning to cashless systems. Whilst cash still remains popular in businesses… Read More

Tax

Changes to personal income tax

By On March 25, 2019

The Personal Income Tax Plan has gone through recent changes regarding rates, thresholds and offset entitlements. These changes were announced in the 2018-2019 Federal Budget and were implemented at the start of… Read More

Money

Income investing: Managed funds vs. ETFs

By On March 18, 2019

There are a number of options when it comes to choosing an income investment scheme. Investments that generate regular income can be useful in a number of various situations, such as funding… Read More

Business

Raising early stage capital in your business

By On March 18, 2019

Raising capital is a step that every startup faces. When a business is brand new, the question of how to get money must be addressed. If you intend to launch a business… Read More

Super

Pension income streams within an SMSF

By On March 18, 2019

One of the best ways to ensure regular, flexible and tax-effective income as a pensioner is through an income stream from your SMSF. As a member, you can receive an income stream… Read More

Tax

PAYG withholding: New penalties for non-compliance

By On March 18, 2019

New penalties for business’ pay-as-you-go (PAYG) withholding and reporting obligations will commence 1 July 2019. The new legislation will now prevent businesses from claiming deductions for payments to employees and certain contractors… Read More

Tax

Determining whether GST is for business or private use

By On March 8, 2019

The goods and services tax (GST) is applied to most goods and services sold in Australia, taxed at a rate of 10%. If you run a business, you are likely to have… Read More

Business

Before selling your business

By On March 8, 2019

Deciding to move on from your business can impact a lot of different people. When selling your business, you will need to consider the effects on all areas of operation from the… Read More

Super

Superannuation guide for retirement planning

By On March 8, 2019

As the time comes for you to consider leaving the workforce, it is necessary to plan how to make the most of your superannuation in order to strengthen the chances of a… Read More