It is important to consider whether the Superannuation Guarantee Charge (SGC) is payable for the work performed by ‘contractor workers’ for the business.
Inherited shares can come with a cost.
Don’t let a knowledge gap prevent you from taking advantage of these money-saving tax deductions. Have you considered the top 5 deductions that most landlords are missing out on?
An audit is an integral part of an organisation’s risk management process and good corporate governance. Therefore it is essential that you ensure that you are getting a quality audit to reduce the risk of material misstatement of your financial statements.
The Federal Court judgement in relation to the Centro Properties Group (“Centro”) case in 2011 has been a welcome reminder to directors of their duties. This case has helped to clarify the responsibilities of directors.
Recent legislation significantly increases the obligations of SMSFs that invest in collectables and personal use assets.
Varying the PAYG Withheld From Your Wages and Allowances: The main purpose in making this variation is to ensure that the amounts withheld from your salary and wages best meet your expected income tax liability at the end of the year.
Changes to Car Fringe Benefits Tax using the Statutory Formula Method (The Move To One Statutory Rate)
Does the Estate Agents Act apply to the sale of your business?
How long could you maintain your lifestyle without a regular source of income? Stop and think how your life would be if your ability to earn a regular income was cut short through illness or injury. All of our dreams and ambitions are generally tied to our ability to earn, and with this income gone these dreams may not be achievable.
PROTECTING YOUR ABILITY TO EARN AN INCOME CAN BE EASY
There is a cost effective and simple way to protect you and your family from the financial hardship that follows a loss of income. Income Protection Insurance replaces up to 75% of your income (and 100% of your superannuation contributions) while you are unable to work at your full capacity due to sickness or injury. This insurance enables you to continue to pay rent, make mortgage payments, cover living expenses, pay for vital medical expenses, as well as continue to save for retirement.
You can avoid the financial stress of drawing down on assets or taking on more debt simply by taking out income protection. Income protection can be easily purchased either inside or outside of superannuation. By purchasing income insurance through your super fund, the premiums are cost effective and the process of arranging cover is simple and streamlined.
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