INVESTMENT LOANS – IS IT WORTH TAKING OUT PRINCIPAL + INTEREST at 3.89% RATE*?

Australian investors have long enjoyed interest-only loans from banks enabling investors to buy in to the property market and take advantage of negative gearing arrangements, however these loans often draw higher interest rates – up to 1% higher.

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AUDIT INSURANCE – ATO Increasing Audit Activity in the Areas of Income Tax and Supe

It might seem that it is only the large corporations that are targeted by the ATO for random audits, but a large proportion of the ‘tax gap’ comes from small and medium businesses, as well as from individual taxpayers.

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THE IMPORTANCE OF WITHDRAWING YOUR MINIMUM PENSION

The ATO requires super funds to adhere to strict rules of paying the minimum pension to its account holders.

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TRUST DISTRIBUTION IN 2018

Your trust’s distributable income is the net income for tax purposes which beneficiaries will be entitled to receive, in accordance with the trust deed, within the financial year. The allocation of your trust’s net income for the current financial year needs to be determined and trust minutes are used to inform the ATO of the allocation.

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TAX PLANNING

Tax planning is a legitimate discipline undertaken by companies. This is not a tax avoidance undertaking to deliberately exploit the tax system, but rather to minimise, within the legal limits, taxes paid.

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CRYPTOCURRENCY

Despite recent news that Bitcoin values are swinging wildly, in a rapidly digital financial landscape, cryptocurrencies are becoming commonplace. A savvy investor will ensure that their company and they are at the forefront of taxation requirements on cryptocurrencies.

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RPA for VEHICLE FLEET MANAGEMENT

What is RPA and how does it work? RPA is the use of software robots to process high volume and repeatable manual tasks usually performed by people within your organisation.

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FBT

The FBT year in Australia is from 1 April and ending 31 March the following year, so now is the time to ensure that you are up-to-date with the latest FBT developments in the areas of focus for the ATO.

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SMSF – $1.6 MILLION TRANSFER BALANCE CAP

In recent years the Australian Government has made significant changes to Australia’s superannuation rules and regulations making it vital that SMSFs and individuals remain alert and updated to avoid potential taxation breaches when managing their accounts. The transfer balance cap is a recent change that may affect you right now.

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CONTRACTOR vs. EMPLOYEE – EMPLOYER OBLIGATIONS

Are you sure that someone working for your company is a contractor? Could they be an employee? Or vice versa?

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