‘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…
Tax Time Focus Areas for Individuals
It's tax time again, as you gather your receipts and other assorted tax documents, you should also turn you mind to what the ATO is paying close attention to this year. This year, the ATO is focusing on taxpayers who claim "other" work-related…
Explanatory Memorandum August 2018
Government launches new service to simplify business registrations
The government on 29 June 2018 officially launched the new stand-alone Business Registration Service, providing a simpler and clearer way to register a business. The service…
Client Alert - August 2018
Government launches new service to simplify business registrations
The government has officially launched a new stand-alone Business Registration Service, providing a simpler and clearer way to register a business. The service is available…
Downsize to Boost your Super
Now all the kids have all flown the coop and you're left with an empty nest, it might be a good time to consider downsizing to pursue that ultimate retirement dream; fishing beside a river, surfing every morning, or getting up to that fresh…
Cash Payments Limit Coming Soon
As a part of the crackdown on black economy, the Government is planning to introduce an economy-wide cash payment limit of $10,000. Any payments made to businesses for goods and services from 1 July 2019 would be captured, and if the transaction…
A stocktake of Superannuation policy
The following is a brief stocktake of the main changes introduced from 1 July 2017.
$1.6m total superannuation balance
Once a member’s total superannuation balance hits $1.6 million, there is no further opportunity to make any further…
