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From 1 July 2018, people aged 65 or over will be able to make additional non-concessional contributions of up to $300,000 from downsizing their home subject to certain conditions. This is in addition to the concessional and non-concessional contribution caps. However, this measure may have unintended consequences if …
Read MoreGood cash flow is the lifeblood of a business. However, large enterprises and even government departments can be guilty of missing payment deadlines. What’s the most effective way to get debtors to pay up?
Read Morere you an employer that’s fallen a little behind on super guarantee (SG) payments for your employees? Don’t despair, the Government has announced a one-off amnesty to run until 24 May 2019, to allow employers to self-correct historical underpayments of SG amounts without incurring the penalties that would normally apply …
Read MoreAnalysis of 20 of the biggest super investment options reveals that, on average, retired investors in “retail”, or for-profit, super funds are seeing their returns rise by less than half the amount expected.
Read MoreAre you nearing retirement or just want to put a little extra away for the future without putting a strain on your household budget? Contributing to superannuation might be your best bet. There are two main ways to boost your super balance, salary sacrificing super (if your employer has made that option available) and personal super contributions.
Read MoreTax time has come around for another year, and this year the ATO is focusing on “other” work-related expense deductions and work-related car expenses. It says taxpayer must remember that they are not automatically entitled to claim standard deductions and that all expenses need to be substantiated. Taxpayers need to be able to show that they spent the money themselves and were not reimbursed, the expense was directly related to earning their income, and they have a record to prove it.
Read MoreUS President Donald Trump said he would withdraw the US from an Obama-era nuclear agreement with Iran, and restore economic sanctions, in a move that hurt investor sentiment. Mid-month, North Korea abruptly cut off talks with South Korea, citing military exercises between the United States and South Korea, and threatened to cancel the planned North Korea–US summit. President Trump promptly cancelled the summit, set for Singapore in June, but after a surprisingly conciliatory statement from North Korea, the summit was reinstated.
Read MoreSmall businesses may be eligible for a range of tax benefits. CPA Australia has put together the following tax tips to help small businesses.
Read MoreThe end of the financial year is a good time to think about how you could grow your super and get started with saving for retirement. Here are some options you could consider to help your super work harder for you.
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