Taxing Time for Expats: Changes to the CGT Main Residence Exemption
If you are an Australian foreign resident for tax purposes and are planning on selling your main residence in Australia, there are some important new laws that you need to be aware of. Until recently, non-residents could claim an exemption for capital gains tax (CGT) when selling their main residence in Australia. However due to […]
BEWARE! ATO Phone Scam
The ATO first warned of a phone scam more than 3 months ago, and the losses just keeping coming. Last month alone losses were reported at $830,000, and reports are that the scam is becoming increasingly sophisticated. We are cautioning all our clients to be extremely vigilant about screening calls that purport to be from […]
How Safe is your Business?
How secure is your business? How safe are your accounts? How trustworthy are people? These are fair questions, and while in most cases, we’re scammer savvy, security aware and we’re lucky enough to employ staff or engage bookkeepers who are upstanding citizens and will do the right thing. However, as with all things in life […]
Super Guarantee
If you have employees who earn $450 or more in a calendar month, then you may need to pay their super. The minimum amount you must pay is called the super guarantee (SG) and the rate is currently 9.5% of wages. SG is due to be paid to your employees chosen superfund by the 28th […]
My Fearless Budget Predictions
It’s with great anticipation that we look forward to the coming Federal Budget. The excitement is building as the government throws out all manner of red herrings. But as we learned last year, what’s announced on budget night may never make legislation. So what are my fearless predictions…… The Superannuation rules will not be affected […]