Tax warning on overseas income
Do you earn income overseas? A recent case highlights why you might pay more tax than you thought on foreign income. If you are an Australian resident and earn income from overseas, such as income…
Estate planning doesn’t have to be hard work
Life does not always go to plan. While we logically know that, most of us don’t plan for the worst – it’s all a bit morbid and time-consuming. The downside of not planning is the…
Scam Alert: ATO Fraud
Recently we have become aware of scam activity relating to the Australia Taxation Office and Federal Police. Typically the scam is in the form of a phone call, text message or email, where the scammers impersonate…
Thinking of starting a share portfolio in 2019?
Are you thinking about starting your own share portfolio in 2019? If the answer is yes, then take your time, there is plenty to consider. To help out we have outlined five simple steps you…
Changes to Victorian Long Service Leave Entitlements
From 1 November 2018, changes to employee entitlements for long service leave (LSL) came into effect for all for Victorians. New rules are now in place which are generally in the benefit of employees. Here…
Build it Better Grant for SME Manufacturers
The Australian Manufacturing Technology Institute Limited (AMTIL) and the Victorian Government have teamed up to provide small to medium manufacturing businesses in Victoria with funding of up to $20,000 to undertake redesign/reengineering projects to increase their adoption…
Protect your most important asset – your income
Your ability to earn an income is your most important asset because your lifestyle depends on it. However, if you had to stop work tomorrow because of an accident or illness, would you be able…
When can you take super?
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 take advantage of your superannuation once it…
$10K 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 cash payments to business. Unrecorded and untaxed transactions that occur in…
Your essential EOFY tax checklist
No one wants to pay more tax than they need to or face unnecessary risks. We’ve compiled a list of our top tips for you. Donate - If you are going to donate to charity,…
