PREPARING FOR THE NEW WORLD OF SUPER

With SMSFs now holding more than $622 billion in investments, trustees and members who are in a position to should make a point of boosting their balances ahead of 30 June. But there are plenty more issues to consider, some complex and with…

FIGHT OF HIS LIFE -Allan Lorraine-

Enclosed is an inspiring article which illustrates the effects of never giving up and the benefits of paying attention to detail. FIGHT OF HIS LIFE   -Allan Lorraine- In October 2009, Allan Lorraine CPA secured a place for himself and…

HOAM LOAN INTEREST RATES

We currently have a home loan broker operating in our office premises, Mr. Scott Campton, the Director of Financial Solutions by Design. He is available to help you with home loan requirements and best rates. Please also note that Scott assists…

Client Alert Explanatory Memorandum (December 2016)

Contrived trust arrangements in ATO sights On 17 November 2016 the ATO released Taxpayer Alert TA 2016/12, which deals with trust income reduction arrangements that are under review. The ATO says the arrangements appear designed to exploit…

Client Alert (December 2016)

Contrived trust arrangements in ATO sights The ATO has cautioned taxpayers against arrangements that seek to minimize tax by creating artificial differences between the taxable net income and distributable income of closely held trusts. Deputy…

MYOB'S ONLINE RECOVERY ACT

MYOB'S JOHN MOSS IS FIGHTING TO SOLVE A CLASSIC STRATEGIC CHALLENGE: HOW A POWERFUL INCUMBENT CAN RESPOND TO INNOVATIVE NEW COMPETITORS. Australia's SME accounting software market is one of the most competitive software spaces in the world.…

Client Alert Explanatory Memorandum (November 2016)

Budget superannuation changes on the way The Federal Government has been releasing exposure draft legislation intended to give effect to most of its 2016–2017 Budget superannuation proposals. The first and second tranches of exposure drafts…

Client Alert (November 2016)

Budget superannuation changes on the way The Federal Government has been consulting on draft legislation to give effect to most of its 2016–2017 budget superannuation proposals. Here are some of the key changes. Deducting personal contributions All…

Ethics in Finance - Survey

IN JULY 2016, the Governance Institute of Australia's inaugural Ethics Index — the first survey of its kind conducted in Australia - was launched. Significantly, the research found more people view company chairs, CEOs and senior executives…

Client Alert Explanatory Memorandum (October 2016)

Personal middle income tax rate cut on the way The Treasury Laws Amendment (Income Tax Relief) Bill 2016 (the Bill) has been introduced in the House of Representatives. It proposes to amend the Income Tax Rates Act 1986 to increase the third…