Tax strategies pre 30 June 2018

08 Jun

The end of financial year is fast approaching therefore it is now time to not only look at what has been achieved throughout the year, but also see whether any fine-tuning can (or should) be made before 30 June. Prepayment of Interest or other tax deductible expenses If cash flow permits, you may consider prepaying […]

12 Month Superannuation Guarantee Amnesty in force from 24 May 2018 to 23 May 2019

06 Jun

A 12 month Superannuation Guarantee Amnesty is currently in force and will continue to run until 23 May 2019. Please note the legislation is currently before parliament and is yet to receive Royal Assent. The amnesty provides concessions for employers to come forward and do the right thing by their employees by paying any unpaid […]

Travel to a rental property…can I claim a tax deduction?

25 May

From 1 July 2017, property owners cannot deduct an outgoing for travel related expenditure to the extent that it relates to residential property/premises. Therefore airfares, accommodation and motor vehicle expenses incurred to travel to a residential rental property for inspection and/or maintenance purposes will no longer be tax deductible against the rental income derived. There […]

2018-2019 Budget

11 May

The Federal Government handed down the 2018-2019 Budget on 8 May 2018. It is important to remember that these announcements are only proposals at this stage. Each proposal will need to pass through both the House of Representatives and the Senate before they become law. This process may take weeks or even months, and some […]

Downsizer Super Contributions

11 Apr

The commencement date for the ability to make a downsizer contribution to top up your superannuation is fast approaching. If you are over 65 and are selling your home then, subject to meeting other criteria, a contribution into superannuation up to $300,000 per individual is available. A couple could therefore contribute up to $600,000.   […]

Small Business Superannuation Clearing House Changes

23 Jan
small business superannuation information sbsch changes 2018

SMALL BUSINESS SUPERANNUATION INFORMATION. Further to our recent communication regarding the upcoming changes to the Small Business Superannuation Clearing House (SBSCH), the ATO have now advised dates. On 26 February 2018 the SBSCH will only be available through the ATO’s online services. It will be the same service, just with a new look. The  SBSCH will be unavailable […]

Significant change to the ATO Small Business Superannuation Clearing House coming next month

10 Jan
small business superannuation information sbsch changes 2018

SMALL BUSINESS SUPERANNUATION INFORMATION. The Small Business Superannuation Clearing House (SBSCH) is a free service that can be used by businesses with 19 or fewer employees, or have an annual aggregated turnover of less than $10 million. A business’ Super Guarantee (SG) contributions can be made as a single electronic payment to the SBSCH.  The SBSCH then distributes […]

SMSF Investments in Bitcoin and other cryptocurrencies

15 Dec
bitcoin advisor queensland

CRYPTOCURRENCY & BITCOIN ADVICE QUEENSLAND With the surge of Bitcoin being repeatedly in the headlines recently many investors, including SMSF Trustees, are considering investing in Bitcoin and other cryptocurrencies. So, can an SMSF invest in cryptocurrencies?  The brief answer is yes.  However, please read on! As in all things new to do with your SMSF […]