Funding litigation costs for tax cases
The ATO says it can help fund some reasonable litigation costs if the outcome of a particular case will affect a significant number of taxpayers by: Funding litigation costs for …
4 Steps to take control of your email inbox
Time is arguably the most valuable resource for many small business owners (and for us as accountants), which is why progressive firms regularly look at where their hours are going and …
Ride-sourcing is taxi travel
Although we do not currently have any Uber services here in Mudgee, I am sure it will not be long before it arrives here. So here is a heads up …
The ATO’s “GST-light” offer for new small businesses
The ATO says that it has “listened to the concerns of small businesses, tax professionals, industry associations and software providers”, and is working towards reducing GST compliance costs for small …
Australia’s first Farm Management Deposit Offset Account
Rural Bank has relesaed its new Farm Management Deposit (FMD) Offset Account. This is the first of its kind to market, following the legislative amendments to the Commonwealth FMD scheme …
Substantiation for mobile, home phone and internet costs
The ATO has issued guidance on making claims for mobile phone use as well as home phone and internet expenses. Substantiation for mobile, home phone and internet costs It says …
Super changes you need to be prepared for
The government has released exposure draft regulations aimed to complement the recently enacted reforms Superannuation reform package – regulations. The submissions are open until February 10. The exposure drafts also …
10 Bad Habits You Must Eliminate from Your Daily Routine
As we all know, New Year is a great time to make resolutions on how we are going to improve our lives. By now most of those have been broken. …
Is the peer-to-peer lending investment option right for your SMSF?
One investment option that has surfaced relatively recently, and that SMSF trustees may consider as a part of their strategy to grow their fund, is investing through peer-to-peer lending. Peer-to-peer …
Recent changes to the assets test for pensioners
From January 1, 2017, the assets test free area and taper rate for pensions increased. The assets test works by reducing a person’s age pension payment for every dollar of …