Closing the tax gap: ATO focus on…

Closing the tax gap: ATO focus on…

(18/10/2019) As this year’s tax time comes to a close, the ATO has warned that it will scrutinise every individual tax return lodged to seek out incorrect claims. In particular, it will be on the lookout for under reported income as indicated by third party data, and...
Unpaid super: amnesty update for employers!

Unpaid super: amnesty update for employers!

(11/10/2019) The government is getting tough on employers’ unpaid compulsory super guarantee (SG) contributions that may be affecting more than 2.8 million workers. Fortunately for businesses, it has recently announced a revised “grace period” to rectify past...
Selling shares: how does tax apply?

Selling shares: how does tax apply?

(11/10/2019) Did you know that when you sell your shares, the size of your capital gains tax (CGT) bill is affected by how long you’ve held the shares, and how you offset your capital gains and losses? Knowing the tax rules can help you plan your trades effectively....
Health insurance and your tax…

Health insurance and your tax…

  (04/10/2019) If you don’t hold private hospital cover – or are thinking about dropping it – make sure you understand the financial consequences. You could be hit with an extra tax surcharge of up to 1.5% or cost yourself extra premiums in future. Don’t get...
Small business CGT concessions…

Small business CGT concessions…

  (04/10/2019) Have you considered the powerful tax and superannuation planning opportunities that the small business CGT concessions can offer your business? They allow you to reduce – or sometimes, completely eliminate – the capital gain from the sale of a...