Issuing a garnishee order is a cheap and easy way to claw back some of your debt, but there are a few matters to consider first. Bypass your debtor and go straight to the source of their funds Once the court has given you a judgment against your judgment debtor, and they have failed to satisfy […]
The Government has announced that the Age Pension eligibility age will not go up to 70, as planned. But it is still going up, as is the superannuation preservation age. The move to take the Age Pension eligibility age up to 67 was legislated by the last Labor Government. The process started in July last […]
With all the media coverage around the negative behaviour of many large financial advisory firms and their affiliates, you may be forgiven for wanting to deal with a smaller, perhaps more independent financial adviser in the future, but what exactly does “independent” mean in in terms of financial services? Under the Corporations Act, a person who […]
In Australia, there are currently around 7.7m ABNs with over 860,000 new ABNs issued in 2017-18. The ABN system was originally introduced in 2000 as a way to provide businesses with a unique identifier when dealing with the government and to support the introduction and administration of GST. Over the years, the ABN has become a […]
Do you ever wonder what happens to your superannuation after you die? This is particularly important if you have a Self-Managed Superannuation Fund (SMSF). To assist SMSF members to understand the requirements of the superannuation and taxation laws, the article – by Monica Rule (an SMSF expert) has provided answers to common questions asked by […]
It might seem like a horror movie cliché, a monster that follows you wherever you go, but did you know that your higher education debts under the Higher Education Loan program (HELP), Trade Support Loan (TSL) or the Higher Education Contribution Scheme (HECS) debts follow you wherever you go in the world? Prior to 2017, […]
Are you paying the right amount of super for your employees? It’s that time of the year again, where the Australian Bureau of Statistics (ABS) release the indexation factors that are critical in determining various superannuation thresholds. While the super guarantee is still frozen at 9.5%, the maximum contribution base will increase to $54,030 per quarter […]
An “unnecessary array” of taxes and inefficiencies has been presented to the government, but the road to reform continues to be hindered by the political system, according to the Tax Institute. Facing a parliamentary standing committee, Professor Robert Deutsch, the Tax Institute’s senior tax counsel, welcomed the opportunity to showcase a number of issues in […]
DATE: TUESDAY 28 AUGUST 2018 TIME: 10am to 1pm WHERE: Level 4, 83 Mount Street, Sydney 2060 RSVP: admin@hurleyco.com.au or 9954 3843 Kate Hurley or Juilee Sathe ALL HURLEY & CO CLIENTS WELCOME Drop in anytime between 10am and 1pm. Bring with you your laptop or use one of ours. […]
What is it? Since 1 July 2017, the ATO has a limit on the amount that can be transferred into the pension phase in superannuation. This is called the Transfer Balance Cap and it is currently $1.6million across all retirement phase pensions in all funds over the individual’s lifetime. TBAR enables us to record and […]