BLOG

23Aug

GST on imported services. Changes from July 1 2017

Category - GST, imports, Services, Contractors - By Ann

Changes from July 1 2017 mean that there is GST payable on imported services if the non-resident entity (ie any Contractor you deal with from overseas) is required to register for GST. Non-resident entities...

View blog
25May

Super changes from 1 July 2017 - Reduced non-concessional cap

Category - non-concessional, superannuation, super changes - By Ann

*What is the new non-concessional contributions cap and when does it take effect?* From 1 July 2017 the annual non-concessional contributions cap is $100,000 and will increase in line with the indexation of the...

View blog
25May

Super Changes from 1 July 2017 - Personal Superannuation deduction

Category - Super, personal super, tax deduction - By Ann

  *I currently salary sacrifice to my super fund. Can I stop my salary sacrifice and just claim my personal (after tax) super contributions as a deduction?* Yes. You can claim a personal super...

View blog
25May

Super changes from 1 July 2017 - Reduced concessional cap (deductible amount of super contributions)

Category - Deductible super, super changes, concessional cap - By Ann

*What is the new concessional contributions cap and when does it take effect?* From 1 July 2017 the new annual concessional contributions cap is $25,000 for all individuals regardless of age. From 1 July...

View blog
25May

Super changes from 1 July 2017 - Transfer Balance Cap

Category - Superannuation, SMSF, Changes to Super,FAQ Super 2017, Transfer Balance Cap - By Ann

*What is the transfer balance cap?* This is a new limit on the amount of your super you can transfer and hold in tax-free ‘retirement phase accounts’. The cap applies from 1 July 2017...

View blog
18May

GST on Low Value imports

Category - GST, imports, $1000 - By Ann

The government has announced that from 1 July 2017 GST will apply to imported low value goods. This includes all physical goods sold to consumers and imported into Australia that have a value equal...

View blog
28Apr

Protect yourself from illegal phoenix activity

- By Ann

Illegal phoenix activity is when a new company is created to continue the business of a company that has been deliberately liquidated to avoid paying its debts, including taxes, creditors and employee entitlements....

View blog
3Apr

Natural Disasters and Tax

Category - Cyclone, Floods, Fire, - By Ann

Tax is probably the last thing on your mind when a natural disaster strikes.  However, in the aftermath there may be queries that come up in regard to payments received and expenses incurred. Generally,...

View blog
3Mar

Help for budding Aussie entrepreneurs

Category - Business, business start up - By Ann

New products are now available to help young Australians who are starting a business for the first time, Small Business Minister Michael McCormack says. Coming on the back of a marked increase in...

View blog
16Jan

ATO’s “GST-light” offer for new small businesses

Category - GST, small Business - By Ann O'Brien

From January 19, 2017, newly registered small businesses will be provided with the option to report less GST information on a simpler BAS. To take advantage of this option,  small businesses that register for...

View blog

Free consultation,
irrespective of time.

Click for more