• jobmaker
    JobMaker Hiring Credits: What We Know So Far
    We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll […]
  • tax loss
    Refunds for Tax Losses
    If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.  In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously […]
  • investment
    Tax Deductions for Investing in Your Business
    Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that […]
  • system-outage
    ATO Extends JobKeeper Monthly Declaration After System Downtime
    Despite the business monthly declaration for October JobKeeper payments due on 14 November, the ATO had scheduled its system maintenance for online services for agents over the weekend, effectively affecting access over both days. As such, the ATO has now confirmed it will continue to accept and process late declarations. […]
  • best-worst-smsfs
    3 Best and Worst Super Funds Revealed
    Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
  • Australian Tax Office
    ATO Flags Key Early Access to Super Dates
    In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021. The last fund files prior to Christmas will be sent on 24 December 2020 – this will include all approvals up […]
17 November 2020
best-worst-smsfs

3 Best and Worst Super Funds Revealed

Source: NestEgg Stockspots 2020 Fat Cat Funds report has stated that poor performance is largely due to higher fees, with CEO Chris Brycki highlighting to consumers they would be $200,000 better off if they are in a fund charging less than 1 per cent instead of paying 2 per cent. “One […]
17 November 2020
Australian Tax Office

ATO Flags Key Early Access to Super Dates

In an online update, the ATO said that ATO offices will generally be closed from midday of 24 December 2020 to the start of business on 4 January 2021. The last fund files prior to Christmas will be sent on 24 December 2020 – this will include all approvals up […]
4 November 2018

What to Look for on Your Super Statement

Super statements come but once a year (or twice with some funds). When yours arrives, it’s important to take a proper look because it could become one of the biggest assets you’ll ever have. Here’s our quick guide to what you should watch out for and why. 1. Personal details […]
29 October 2018

5 Superannuation Tips for High Income Earners

There’s a new set of superannuation rules for higher income Australians. These recent legislative changes affect salary sacrificing, taxation and estate planning. If you’re salary sacrificing, be aware the concessional (pre-tax) limit has been cut to $25,000 per year. You may need to reduce your level of concessional contributions during […]
15 October 2018

5 Superannuation Tips for High Income Earners

There’s a new set of superannuation rules for higher income Australians. These recent legislative changes affect salary sacrificing, taxation and estate planning. If you’re salary sacrificing, be aware the concessional (pre-tax) limit has been cut to $25,000 per year. You may need to reduce your level of concessional contributions during […]
8 October 2018

Superannuation – Know Your Rights

There’s a staggering amount of superannuation that may never find its way to the people who should be spending it in their retirement years. According to ATO figures, there’s approximately $12 billion in unclaimed super in their coffers. That’s a lot of money just waiting to be transferred to Aussies […]
18 June 2018

Your 5 Minute Super Health Check

Even if retirement feels a long time away, it’s important to start thinking about when you’d like to retire, the type of lifestyle you want in retirement, how much debt you have and what assets (including your super) you will have when you finish working. Want to see your super […]
28 May 2018

Can I Put Money into Super When I’m 65 or Over?

If it’s a voluntary contribution, you’ll need to have worked for at least 40 hours within a 30-day period under work test requirements. If you’re 65 or over, you can continue to build your superannuation with compulsory employer contributions (such as Super Guarantee contributions your employer pays where you are […]
18 April 2017

How to use ETFs in an SMSF

Taking control of your superannuation by managing your own SMSF can be empowering, but comes with risk and responsibility. With an SMSF, you can select the fund’s investments, so it can be wise to know there are ways you can manage risk and volatility. SMSF Checklist Step One: Diversification Step […]
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