Mark Ciampi

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Business Tax Planning - 2019 Small Business (Aggregated Turnover <$10M)  The definition of a small business for tax purposes was changed to increase the turnover test from $2M to $10M.  Some of the relevant…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= When can you access your superannuation? The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Family Trust Elections Family trusts may not be for Tax Law Purposes. Many High Net Worth Groups and smart business structures include Discretionary Trusts. Many Tax Agents often confuse or refer to these as…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Tax 'safe harbour' for inherited property When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met.…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= New domestic violence leave entitlements A Fair Work Commission decision created a new entitlement for most Australian employees; unpaid family and domestic violence leave. The Fair Work decision provides five days’ unpaid leave per…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= ATO takes its share of car sharing The extra income earned by people taking part in car sharing services such as Car Next Door or DriveMyCar has come to the attention of the ATO.…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Single Touch Payroll (STP) What is "Single Touch Payroll"? Single Touch Payroll (STP) is a new framework for reporting payroll and superannuation information in real time.  In most cases payroll software will facilitate this…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Clothing tax deductions hung out to dry The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns. The ATO says that clothing claims are…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Business tax updates $10,000 limit on cash payments to business  One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on…

Expert Knowledge You Can Trust JTNDYSUyMGhyZWYlM0QlMjIlMjNuZXh0JTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Are you holding your business back? Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and…