Tax

Superannuation Requirements For Temporary Residents

Most people are unaware that temporary residents working in Australia are eligible for super guarantee (SG). It is vital that all businesses who employ temporary residents are aware of the relevant super requirements.

Gifting Shares To Charity In Your Will

When preparing a Will, people often contemplate gifting money to charity, but have you ever thought about gifting shares after you pass away?

Always Start With The End In Mind

If the business starts burning down, what's your escape plan?

It’s Time For Global Sincome Tax

Small Business People have been looked down upon for far too long. They need a chance to stand up against the multinational giants.

Australians Pay $107,000 To Tax Scams

The ATO has been made aware of fake tax agents who are conning members of the public and making them believe that they owe debt.

The scam has taken the form of a cold-call, with fraudsters phoning victims and convincing them into giving information about their finances and current tax agent.

ATO Detects Over $53 Million Worth Of Tax Time Errors

The Australian public has lodged nearly six million tax returns already this year, with over $11.9 billion in refunds processed, which is $270 million more compared with the same time period last year.

Every Three Year SMSF Audits – A Ludicrous About Face

SMSF Auditors now must: be registered with ASIC; be registered with the ATO; have enormous amounts of regular professional updates; and also be audited by their peak professional bodies, such as the Chartered Accountants ANZ and CPA Australia.

Changes To CGT Exemption For Inherited Property

When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.