Hi So this is one of my favourite strategies for those that want to give their kids something really special & long lasting, and it is so simple. I wish someone had done it for me! First off, did you know that a child of any age can open a superfund – they just need… Read More LOOK AFTER YOUR KIDS IN THEIR RETIREMENT
Hi Well if so don’t be sad, be happy. If you are aged 49 or more on the 30 June 2015 then you can access the higher concessional super cap of $35k in the 2015/16 year meaning you can save more tax and grow more super. So check your salary sacrifice arrangement and adjust it… Read More Are you over Aged 49 today?
Hi An oldie but a goodie this one. If you are over age 56 and don’t have a transition to retirement pension in place then you are paying more tax than you need to. So, unless you are happy donating your hard earned dollars to Tony and his friends, call me to discuss how you can… Read More Over Age 56?
Hi Continuing with the June theme of year end tax saving tips, some of you might like to consider making a super contribution into your spouse’s super account. If your spouse has income of less than $10,800 in the 2015 year, you can receive an 18% rebate on contributions made into their account. The maximum… Read More Save $540 of tax with a Spouse Super Contribution
Super Co-Contribution rules for 2014/5 Yes the co-contribution is still here – just! The maximum the government will pay into your super is $500. To receive this you need to make a personal contribution to your superfund before 30 June 2015 of $1,000, and satisfy all the eligibility criteria as follows….. At least 10% of your income… Read More Free Cash from the Government
Just a reminder that every month we put a tax update newsletter on to the website for you, full of tax tips and traps. The budget update has been added today, so why not take a look. Click for newsletter page Lindsay
Hi Just a heads up that the renewals for our ATO audit insurance will be with you in the next day or so. The policy represents great value, covering the first $10,000 of our fees should you be audited (on any past return) in the next year. Those especially at risk of audit are anyone… Read More Tax office audits
You may have heard of superstream over the past year or so, but have probably been able to ignore it to this point. However, if you pay wages to anyone (even if only to yourself), you need to start using superstream to make super contributions from 1 July this year. It’s compulsory. Don’t panic, as… Read More Superstream – time to get ready
Hi Click here to access our tax newsletter for February 2015 . Full of useful info including things to consider when buying property in your superfund and some myths about whether you (or your workers) are contractors or employees. Lindsay
You may remember that I have mentioned the ATO is converting paper BAS to electronic BAS over the next few months. If you are one of the chosen ones (and we have not been told who these lucky people are), as part of this process the ATO may have chosen (a sometimes apparently random) email address… Read More Where is my BAS?
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