Sarah Edwards

August 2022 – ATO Focus on Rental Property Income and Deductions, End of Covid-19 Relief for SMSF Trustees, Wash Sale Arrangements under Scrutiny by ATO, GST Health Check, Super Comparison Tool, Switching Home Loans

With interest rates rapidly increasing, homeowners are being encouraged to look around for a better deal on their home loan. ASIC has recently released some tips if you are doing so. These include asking your existing lender for a better deal, negotiating the length of your new loan, factoring in the cost of possible lender …

August 2022 – ATO Focus on Rental Property Income and Deductions, End of Covid-19 Relief for SMSF Trustees, Wash Sale Arrangements under Scrutiny by ATO, GST Health Check, Super Comparison Tool, Switching Home Loans Read More »

Client Information Newsletter July 2022 – ATO Prioritising Debt Collection, Last minute trust distributions, Super Guarantee increases and more ………..

During COVID-19, the ATO took a softly-softly approach to debt collection, acknowledging the financial impacts of the pandemic. However, with the economy now opening back up, firmer debt collection practices are resuming, including garnishees, recovery of director penalties, disclosure of business tax debts,and legal actions including summons, creditors petition, wind-up and insolvency action. Do you or your business have …

Client Information Newsletter July 2022 – ATO Prioritising Debt Collection, Last minute trust distributions, Super Guarantee increases and more ……….. Read More »

April 2022 : The ATO’s Crackdown on Discretionary Trusts plus FBT Checklists, Ridesharing and more …………

If you are a ride-sharing driver (such as with Uber) or if you are a rider, there is a raft of tax issues to be aware of from both standpoints. From GST, income tax, deductions, and PAYG withholding…we’ve got it all covered. Please contact us for clarification, or further advice, regarding any of the topics …

April 2022 : The ATO’s Crackdown on Discretionary Trusts plus FBT Checklists, Ridesharing and more ………… Read More »

2022 Budget Wrap

The 2022 Federal Budget was handed down last night.  In this special edition of your Client Newsletter, we have summarised some of the main measures that may impact both your business and individual clients, including: •    20% additional deduction for skills training and digital adoption•    The extension of various apprentice wages subsidies•    An increased income …

2022 Budget Wrap Read More »

March 2022: On-boarding New Employees : what you need to know, paying employees super through a super clearing house, Employee allowances, preparing cashflow forecasts and more…..

If you’re a small business owner, you’ll know that you’re required to pay your employees (and certain contractors) superannuation guarantee (SG) in addition to their salary or wages. But how do you pay your SG contributions in a simple and effective way? The answer is through a superannuation clearing house (SCH). Please contact us for …

March 2022: On-boarding New Employees : what you need to know, paying employees super through a super clearing house, Employee allowances, preparing cashflow forecasts and more….. Read More »

February 2022: Single Touch Payroll 2 : what you need to know, Consolidating your Super and Temporary Full Expensing (TFE) of assets and more…..

The STP regime is a government initiative that is designed to reduce an employer’s burden when reporting to Government agencies such as the ATO. STP phase 2 is now here, and employers must start reporting by 1 March 2022. By consolidating your superannuation, you can potentially save tens of thousands of dollars in fees and …

February 2022: Single Touch Payroll 2 : what you need to know, Consolidating your Super and Temporary Full Expensing (TFE) of assets and more….. Read More »

December 2021: Director Identification Numbers, Wills : how to avoid disputes, Superannuation budget proposals and more…..

As part of the Federal Government’s bid to modernise the Australian Business Register (ABR), all company directors – including directors of family trusts and SMSFs with corporate trustees – must apply for a “director ID”. Find out what dates to meet to avoid fines and penalties. A raft of new measures designed to help boost …

December 2021: Director Identification Numbers, Wills : how to avoid disputes, Superannuation budget proposals and more….. Read More »

November 2021: Dividing super in divorce, CGT: inheriting from a foreign resident and retirement exemptions, being a deceased estate executor and more …..

In this month’s edition They say the two inevitable things in life are ‘death and taxes’, and in this newsletter we cover off both – as well as several updates on superannuation. In the world of tax, we examine how the CGT retirement exemption works where a gain has been made by company or trust …

November 2021: Dividing super in divorce, CGT: inheriting from a foreign resident and retirement exemptions, being a deceased estate executor and more ….. Read More »

October 2021: Super Compensation Payments, Home as a place of Business – CGT, Co-owning property with others and more …..

 In this month’s edition 2021 has been, even more so than 2020, the year of working from home for so many of us – but what are the tax implications of using your home as a place of business? Turn to page 3 of our October newsletter to find out.  On the subject of homes, we also cover …

October 2021: Super Compensation Payments, Home as a place of Business – CGT, Co-owning property with others and more ….. Read More »

September 2021: Work related travel expenses, Emerging risks in SMSF property development, Employee super ‘stapling’ and more …..

In this month’s edition This issue contains the following articles: How to treat work-related travel and living away from home costs; SMSFs and property development – emerging risks; Claiming GST credits for employee reimbursements; Buying a new house before selling the old one; Trust distributions to non-residents; and ‘Stapling super’ – reducing multiple accounts for …

September 2021: Work related travel expenses, Emerging risks in SMSF property development, Employee super ‘stapling’ and more ….. Read More »

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