Browsing Archive

July, 2019

Business

Supporting mental health in the workplace

By On July 29, 2019

Business owners have a responsibility to look after their staff and ensure they have a healthy working environment. This extends to mental health as well as physical. With one in five people… Read More

Super

Tax requirements for capped defined benefit income streams 

By On July 29, 2019

Members who receive income from one or more capped defined benefit income streams may have additional tax liabilities. They would then need to calculate their entitlement to the 10% tax offset if… Read More

Tax

New tax toolkit for rental property owners

By On July 29, 2019

The ATO has developed a new rental property owners toolkit for property investors to ensure that mistakes are avoided in their tax returns. Each year, the tax office identifies fairly common mistakes… Read More

Money

Strategies for achieving your financial goals

By On July 22, 2019

Setting financial goals can be a great way to ensure that you’re always in control of your money. However, we all have frivolous spending habits that can derail us from achieving these… Read More

Super

What SMSF records should you keep?

By On July 22, 2019

A key responsibility for trustees of self-managed super funds (SMSFs) is to ensure proper and accurate tax and superannuation records are kept for the fund. When you have been running your fund… Read More

Tax

What is replacing AUSKey?

By On July 22, 2019

The ATO is developing new online services systems to replace AUSKey, which is due to retire in March 2020. Taking the place of AUSKey will be myGovID and Relationship Authorisation Manager (RAM).… Read More

Business

Managing business growth

By On July 22, 2019

It can be exciting and reassuring when your new business venture achieves growth and success. However, it can also become hard to manage and keep under control. When things reach a certain… Read More

Business

What makes a successful business plan

By On July 15, 2019

When starting a new business, there are many elements you need to consider. Careful planning is essential to ensuring the longevity of your business, but what exactly goes into a good business… Read More

Super

SMSF rollovers in SuperStream to be deferred

By On July 15, 2019

The 2019-2020 Federal Budget suggested a deferral of the extension of SuperStream to self-managed superannuation fund (SMSF) rollovers from 30 November 2019 to 31 March 2021. The commencement of this deferral has… Read More

Tax

Maximising your tax return as a home-based business

By On July 15, 2019

Small business owners may be able to claim deductions for the costs of using your home as a principal place of business when filing your 2019 income tax return. Tax deductions may… Read More