What’s the deal with Working from Home

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

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

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.

Recruiting new employees? The 1 November superannuation rule changes

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?

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

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?

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...
Divorce, Superannuation and the Gender Divide

Divorce, Superannuation and the Gender Divide

New legislation will help prevent superannuation assets from being hidden during divorce proceedings.From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court.The...
What now? Unwinding the Pandemic

What now? Unwinding the Pandemic

Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not just...