SMSF’s Still On The Rise
SMSF’s Still On The Rise
The June 2015 quarterly Self-managed Super Fund (SMSF) statistical report from the ATO highlights the continuing progression of self-managed super funds (SMSFs). 1.05 million Australians are now members of an SMSF.…
Client Alert (November 2015)
Unbundling phone and internet expense claims for work purposes
Individuals can claim deductions for mobile, home phone and internet expenses that have been incurred for work purposes. However, correct apportionment for work use is a key issue.…
Budgeting Tips
If you run a business, it's possible that you are operating on a relatively limited budget. Whether sales are slow in your business or you are trying to pay back loans you took out to cover your start-up costs, it's in your best interest to…
Could Your Business Be Eligible for the Research and Development Tax Incentive?
The Australian Government has partnered with AusIndustry to offer companies that perform research the opportunity to gain additional tax concessions through the Research and Development Tax Incentive. If your company has performed any research…
Client Alert Explanatory Memorandum (October 2015)
This issue of Client Alert takes into account all developments up to and including 17 September 2015.
Excessive deduction claims on holiday homes on ATO hit list
The ATO is increasing its focus on holiday home investors and, in particularly,…
Client Alert (October 2015)
Excessive deduction claims on holiday homes on ATO hit list
The ATO is increasing its focus on holiday home investors and, in particular, whether they are correctly claiming deductible expenses. A key concern is when people make claims for…
Should you use a computer, not a person, to solve business issues?
Here is when a human expert is not always best.
In an increasingly connected world, argues investment strategist, academic and writer Michael Mauboussin, experts add less and less value to predictions. They are being outcompeted by computers…
TaxWise Business September 2015
Small business Budget measures now law
The following small business tax measures announced in the 2015-16 Federal Budget have passed into law:
Company tax rate cut - The tax rate for companies with an aggregated annual turnover of less…
TaxWise Individual September 2015
Personal income tax cuts repeal
As part of the introduction of the carbon tax, two rounds of personal income tax cuts were to occur. The first round commenced on 1 July 2012. However, the second round of personal income tax cuts, scheduled…