Wealth Management

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 »

August 2021: Your Future Your Super, Rental Property Works deductions, Keeping Trust losses in the family and more …..

In this month’s edition With reforms to superannuation – including for SMSFs – on the horizon, our leading article covers what’s coming, including more accountability for funds and flexibility for super holders. We’ve got two articles to help you understand how trusts work: ‘Trust distributions’ goes through the different roles involved in a trust, while …

August 2021: Your Future Your Super, Rental Property Works deductions, Keeping Trust losses in the family and more ….. Read More »

July 2021: Common mistakes to avoid in your tax return, winding up an SMSF and more …..

In this month’s edition With reforms to superannuation – including for SMSFs – on the horizon, our leading article covers what’s coming, including more accountability for funds and flexibility for super holders.  We’ve got two articles to help you understand how trusts work: ‘Trust distributions’ goes through the different roles involved in a trust, while ‘Trust losses’ explains what constitutes a …

July 2021: Common mistakes to avoid in your tax return, winding up an SMSF and more ….. Read More »

June 2021: The tax treatment of cryptocurrency, PSI rules, SMSF trustees and more …..

Bitcoin and cryptocurrencies have had a bit of a resurgence, which may even have something to do with the pandemic. But the implications for your tax outcomes is something even the ATO is wary about. We also look at “personal services income” and the ATO’s refreshed guidance, the qualifications that are expected for SMSF trustees, and how to …

June 2021: The tax treatment of cryptocurrency, PSI rules, SMSF trustees and more ….. Read More »

May 2021: EOFY tips for your tax plan and more …..

It’s getting very close to the business end of the financial year, so we have gathered some tax planning tips that could set you up for a better tax outcome.  And as that outcome can be ruined by having to deal with an excess super contribution charge, we look at how best to avoid it. The ATO has tightened the …

May 2021: EOFY tips for your tax plan and more ….. Read More »

April 2021: Money not considered income by ATO and more …..

When it comes to selling property and CGT liabilities, the timing of the transaction can be more important than many expect. We also look at the fact that not every type of income is taxed, with some money escaping tax altogether.  There are new insolvency reforms that could help some small businesses in their climb out of the …

April 2021: Money not considered income by ATO and more ….. Read More »

March 2021: Update your ABN, Vehicle FBT & COVID, Booming SMSF sector and more …..

Government agencies sometimes use ABN registration to contact businesses for emergency help or even grants of support, so it’s important to keep your business’s ABN details current. And the perennial problem of dealing with cash flow gets some advisory help from the ATO.  A new Director Identification Number regime is something companies may need to get familiar with very …

March 2021: Update your ABN, Vehicle FBT & COVID, Booming SMSF sector and more ….. Read More »

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