Legislation makes many accountants responsible for the health and safety of the workers in their organizations. How do you ensure your business is safe?
New Zealand’s workplace health and safety records paint a very grim picture. Every year, 50 to 60 people are killed in workplace incidents, and hundreds more die as a result of work-related ill health. New Zealand’s fatality statistics are nearly twice as high as Australia’s, and three times as high as those of the UK. […]
Superannuation downsizing measures to become reality
The government has passed elements of its housing affordability plan, allowing those over the age of 65 to funnel money from the sale of their home into super. As of 1 July 2018, Australians aged 65 and over who are selling a home they’ve owned for at least 10 years will be able to funnel […]
ATO’s 2018 hit list targets smaller tax avoiders
In an interview with Acuity, Australian Tax Commissioner Chris Jordan FCA spells out his new agenda for 2018, where he sets small business and big spenders in his sights. In Brief ATO Commissioner Chris Jordan gives Acuity the first detailed explanation of his 2018 tax “hit list”. The hit list focuses on small businesses and […]
Top 10 tips to help rental property owners avoid common tax mistakes
Whether you use a tax agent or choose to lodge your tax return yourself, avoiding these common mistakes will save you time and money. The Australian Taxation Office has published the following list. Keeping the right records You must have evidence of your income and expenses so you can claim everything you are entitled to. […]
New depreciation legislation for Australian property investors – Second-hand residential properties
In one of the most dramatic changes to property depreciation legislation in more than 15 years, Parliament has passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 as at Wednesday 15th November 2017, with the Bill now legislation. The new legislation means owners of second-hand residential properties (where contracts exchanged after 7:30pm on the […]