New Superannuation Rules

The changes made to superannuation in the 2016 Budget by the government created quite a lot of controversy following their announcement. Many of these changes lead to individuals, particularly retirees, questioning the future of the Superannuation system. However, on September 15th Treasurer Scott Morrison announced some new adjustments, suggesting the Government is taking into consideration the concerns expressed by voters and those involved within the industry.

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Introducing YML Migration

YML Group is proud to introduce a new division within its group, YML Migration, led by its Founder and Managing Director, Ms Galit Masika, Registered Migration Agent, Australia.

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What Small Business Expenses Can You Claim?

It can often be confusing to determine what exactly you can and can’t claim back on tax when it comes to the expenses of your small business. As a general rule, most costs that were directly related to running your business can be claimed back, but it is best to consult with your YML accountant to fully understand what you are entitled to claim in relation to your individual circumstances. The most important thing to do on your part is to stay on top of keeping accurate records of all assessable income and deductions you claim – not only does this make the process of claiming expenses run smoother, it also avoids you running into trouble with the ATO for making false or misleading statements, whether intentional or not.

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Israeli Tax of Trusts

Leon Harris, a great tax authority in Israel and certified public accountant and tax specialist at Harris Consulting & Tax Ltd. recently published an article summarising the release of the Israeli Tax Authority (ITA) circular on the trust tax regime in Israel. He advises all trustees and families around the world with links to Israel should seek new tax advice now in order to adjust and comply with the new changes, as they could have significant financial impact on you and your trust. Should this apply to you and you would like someone to review your affairs, YML is now providing this service. Click here to arrange an appointment today.

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Co-Sourcing: An Alternative To Out-Sourcing

As the world continues to evolve and progress, so does the need for businesses and companies to continue to adapt and take advantage of new opportunities in order to grow and improve.

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