Time To Review Your Financial Health   With the end of the financial year just around the corner it is the perfect time to review your financial health. The recent...

Trust Tax Planning 2020   Annual Distribution Resolutions or Minutes of Meeting Trustee resolutions and minutes of meeting regarding the annual distribution of trust income must be documented prior to...

SMSF Tax Planning 2020   COVID-19 Temporary Minimum Pensions Government has reduced the minimum annual payment required by 50%: AgeNormal Minimum % withdrawalReduced rates for 2019-20 and 2020-21Under 654%2%65-745%2.5%75-796%3%80-847%3.5%85-899%4.5%90-9411%5.5%95 or...

Employer Tax Planning 2020   Staff Bonuses/Director Fees These expenses may be tax deductible prior to payment, as long as you are committed to paying these amounts. You will need...

Individual Tax Planning 2020   IMPORTANT: Time Limited Tax Deduction Based on recent Australian Beurau of Statistics (ABS), chances are you are eligible for this tax deduction prior to 30...

Business Tax Planning 2020   Small Business Specific (Aggregated turnover <$10M) Prepaid Expenses Claim expenses prepaid up to 12 months in advance, many of which would include interest, insurances, rent...

Expert Knowledge You Can Trust COVID-19 NSW Government Stimulus Package Summary STIMULUS 4 Monday 13 April 2020: 1. 25% Land Tax Concession Effective: 31 December 2019 - Eligible landlords will...

Expert Knowledge You Can Trust   ATO online rental blitz The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of...

Expert Knowledge You Can Trust COVID-19 Federal Government Stimulus Package Summary COMMERCIAL LEASES Tuesday 7 April 2020: Mandatory Commercial Residency Code of Conduct, administered by the States and Territories: 1. Code...

Expert Knowledge You Can Trust   Partial Year Tax Deductions Can Boost Your Cash Flow If you haven’t owned your investment property for a full year you can still claim...