As proposed in the 2017 budget, the removal of the main residence CGT exemption for tax non-residents was legislated in Dec 2019 A rather draconian rule, the effect is that if you are tax non-resident on the date you sign the sales contract on your Australian property, you will not get any exemption at all… Read More Non-Resident with a home here? Quick – Sell it!
The current market corrections are an excellent example of non-disciplined investors perhaps panicking in a falling market leading to selling low and, presumably at a later date, buying high. This is the absolute opposite of what you are supposed to do in order to make money, i.e. buy low, sell high. In fact what would… Read More CoronaVirus
Due to popular demand, the following is a step by step list of how to perform single touch payroll. You may notice the name “thousand touch payroll” might be more apt!… Read More Single Touch Payroll Guide
Well, we seem to have become the Accountant/Hand Rehab clinic recently. Both injuries are animal related. Kerri decided it would be a good idea to stick her hand down her large dog’s throat to stop it from choking – resulting in various nerve and tendon damage. I fell off my horse, who had decided there… Read More Two Hands Make Light Work
Don’t forget that although December BAS are not due until 28th February, those of you with employees need to pay their super for the December quarter this week. Lindsay
Believe it or not there is still the possibility to get some free money from the government. The superannuation co-contribution is hanging on in there for a little longer so make use of it if you can and grab up to $500 of free cash. Even better, why not pop some $ into the kids’… Read More Tax Tip 2019 : More Free Money from the Government
Claim concessional super contributions as a tax deduction. As was the case last year, it may be possible for you to claim some super contributions as a tax deduction. This will be a useful strategy if ……. You forgot to salary sacrifice or did not sacrifice as much as you could, or You have a… Read More 2019 Tax Tip : Tax Deductible Super
Here is hoping you all had a lovely Easter and ate lots of chocolate, but for some, unfortunately this time of year is not all beer and skittles. It is also the time for what can appear to be a never ending stream of payments to our friends at the ATO. So what is going… Read More Easter means tax bills
A few important admin point for all my lovely clients today….. The final lodgement date for the 2018 returns is only 5 weeks away. If you have not yet provided your paperwork please do so ASAP. Work is done on a first in first served basis. The checklist is here to get you started. Note fines apply… Read More Update
If you employ people – even if it just yourself read this …. I have written about this before, but single touch payroll (STP) has now arrived. STP is real time reporting where you report to the ATO the wages you pay to every employee as you pay them via your accounting or payroll software.… Read More Single Touch Payroll
