Age Pension Eligibility Rule
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…
Meaning Of Independent: Financial Advisers
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…
Reform Of The ABN System
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…
Superannuation Payout upon Death
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…
It Follows: Higher Education Debts
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…
Super Guaranteed
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.…
‘Mess’ of 125 taxes suffocating business: Tax Institute
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,…
HURLEY & CO - XERO HELP INVITE
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…
TRANSFER BALANCE ACCOUNT REPORT (TBAR) REPORTING
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…
R&D Tax Incentive Overhaul
The Research and Development (R&D) tax incentive is an offset designed to encourage eligible companies to undertake R&D activities that are likely to benefit Australia's wider economy. It provides a tax offset to eligible companies…