Protecting Your Family and Your Legacy Estate planning is the process of arranging your assets and financial affairs in a way that ensures the transfer of your assets to your beneficiaries in accordance with your wishes and in a tax-effective manner. Although it may seem like a clinical and objective process, the aim of estate… Read More
Self-Managed Super Funds (SMSF’s) have new reporting obligations. This is due to the new Transfer Balance Cap measures and event based reporting framework. The Transfer Balance Cap Report (TBAR) that is used to report is separate from the SMSF Annual Return (SAR). The TBAR enables the ATO to record and track an individual’s balance for… Read More
The Australian Taxation Office is enforcing a change from employers to provide Payroll information on their employees on a regular monthly basis. All employers will be required to ensure that their payroll providers can provide them with software that meets single touch Payroll requirements as required by the Australian Taxation Office. The purpose of the… Read More
Confused about what it means to be an Independent Contractor? Maybe you are working for a business but you want to start your own business. Maybe your employer has suggested that you could work at home, and they will change your status to that of an Independent Contractor. Before you make this change, you… Read More
Peter Bridges has a business which sells motor vehicle spare parts for a range of makes and models. The business has grown rapidly beyond Peter’s expectations and management abilities. He feels like he is on a runaway train and is desperate to streamline operations. He and his team are working very hard, yet customer satisfaction… Read More
Running a business without a business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the process will surely be a death-defying one. A business plan is a step-by-step guide to running your business and creating a product or service that will make it successful in… Read More
After the review of self-managed super funds that we act for the purpose of 2017 tax planning, the following are the top three most frequently asked topics that clients are interested in. We hope the following info graphic will help you too!