What will the ATO be Asking about your Holiday Home?
The ATO is concerned people with holiday homes are claiming too many deductions. These are the questions they will be asking to scrutinise claims.
What’s the deal with Working from Home
The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. Whichever method you choose, you need to keep records
Scams and how to avoid them
According to the Australian Consumer and Competition Commission (ACCC), two-thirds of family impersonation scams were reported by women over 55 years of age. Here’s how to protect yourself and your business.
FBT-free Electric Cars
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how.
Recession Response: Overcome your customers fear of spending
One of the biggest complaints from salespeople in a tight economy or a recession is the time it takes to achieve a sale. So, here’s what you can do to speed up the sales process?
Recruiting new employees? The 1 November superannuation rule changes
When your business hires a new employee, the Choice of Fund form is used to identify where they want their superannuation to be directed. If the employee does not identify a fund, generally the employer directs their superannuation into a default fund.From 1 November...
What happens to your superannuation when you die?
Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of...
Unwinding COVID-19 Relief
COVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19, does more than provide greater freedoms at 70% and 80% full vaccination rates, it withdraws the steady stream of Commonwealth...
Did Your Super Fund Receive a Compensation Payment?
Is a financial services compensation payment to your superannuation fund a contribution?Of late, there have been several compensation payments made by financial services providers to customers that were inappropriately charged or overcharged for insurance premiums or...