For Employees As you may be aware from 1 July 2021 the SGC for super has increased to 10%. In addition the concessional cap has increased to $27,500. Both of these will affect the amount you can salary sacrifice each pay and stay within the caps. Therefore if you are an employee you may need… Read More Payroll & Super Updates
If you are offered a voluntary redundancy, please ensure that it an “approved scheme” by the ATO before accepting it. The ATO will issue a class ruling when it is happy the offer complies. If it is a complying scheme then it is taxed in the same way as any other redundancy. So that is… Read More Beware the Voluntary Redundancy Option
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To my much loved airline pilots who have unfortunately just lost your jobs, I am more than happy to help look at ways we may be able to reduce the tax effect of this free of charge. It is the least I can do in this time of crisis to help, and for obvious reasons… Read More Redundancy assistance
If you are a small business or sole trader in NSW, the latest Covid-19 assistance is a rebate of government licenses, fees and charges of up to $1500. It appears this includes business car registrations, paid after 1 March 2021, for cars held in the name of the trading entity. Businesses only need to apply… Read More Car Rego Rebate
Data matching is one way the ATO ensures compliance with the tax system and, with improvements to IT systems, they are getting really good at it. So its noteworthy that, with the express intention of checking taxpayers’ residency status, the ATO have gazetted this week that they will be accessing travel records from the Department… Read More Data matching update
I hope you had a great Easter, out and about with life starting to look more normal. We spent the weekend at the Easter Show, where Kelly was competing – jumping over huge things like this …. However, for those that prefer a more sedentary take on life, it is time to hop on to… Read More Claim your $100 voucher – free money!
I hope you all had a relaxing break. I was lucky enough to get away for a week of camping & horse riding in the Snowy Mountains with 20 like minded friends, and then went on a mini break with my own horse Saddle up Valentine – he has to be the best holiday companion!… Read More Happy New Year
How gorgeous, grab a cup of tea and read this lovely story, (narrated by my client’s very clever Kelpie), of our financial advice journey together over the past 12 years. It highlights what I do for clients over the long term, and of course it is results like these that make my job so rewarding.… Read More My first testimonial from a Kelpie
If you are using MYOB and want a way to collate expense receipts, download the free Capture app. Every time you spend money, take a photo of the receipt using the app and it will be uploaded to the in-tray within MYOB for you. Next time you log onto MYOB navigate to the in-tray, click… Read More Tips for MYOB Users