Lower Company Tax Rates

Brexit and the Trump US Election result seems to have renewed the conversation about Australia’s corporate tax rate. Federal Treasurer, Scott Morrison, in his recent speech to business leaders in London spoke of the need for Australia to lower its corporate tax rate to be closer aligned with Britain (20% moving to 17%), Canada (15%) and Trump’s targeted reductions in the US. 

2016 - The year of change!

The 2017 financial year has well and truly kicked off. I've taken a moment to reflect on the year of change that was 2016. 

Small Business Grant

$2,000 still up for grabs!

If you're a small employer adding to your workforce the NSW Government wants to give you a helping hand.

The Small Business Grant is still on offer for businesses who currently do not pay Payroll Tax and is a sister program to the existing Jobs Action Plan for larger employers. If your business is creating new jobs in NSW you're entitled to $2,000. It's pretty much as simple as that!

All on-board SuperStream by 28 October 2016

Every employer must use electronic reporting and payment of super from October 2016 onwards. Those not on-board will be easy targets for ATO review, so we recommend getting ready now if you’re not already using it.

Looking forward, not backwards with Super

The biggest news in super this past week: the retrospective $500K lifetime non-concessional cap will be dropped. No need to dust off your records back to 2007!

Why is succession planning so important?

Put simply, a succession plan is having a plan for your eventual exit of the business.

Not without my smartphone

 

The nation’s fixation with logging on has people glancing at their devices more than 440 million times a day.

Digital devices in Australia have not only changed the way we communicate, but how we socialise, plan, work, transact, access information and entertain ourselves—not to mention, multi-task!

Conveyancer's guide to new ATO requirements

From 1 July 2016, new rules apply to sales of taxable Australian property with a market value of $2 million or more. The purchaser must deduct 10% from the purchase price and pay that amount to the ATO unless the seller presents a tax ‘clearance certificate’. Conveyancers will be directly involved in these transactions, so the ATO has issued a Guide for Conveyancers to help.

7 tips on how to retire early

 

Are you dreaming about early retirement, but unsure how to go about it?

 

5 WAYS TO MAKE YOUR LIFE MORE SIMPLE!

 

Time passes by so quickly that sometimes before we can cross the first item off our to-do list we’ve already added another.

Here are some easy steps you can take to help simplify your life.

 

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