The market rate of interest imposed on any tax default committed under various taxation and revenue laws administered by Revenue NSW will change on 1 October 2017 to 1.70%. The Australian Taxation Office (ATO) has released the following information with regard to this change. You can find the original ATO post HERE. When is interest and […]
ATO: When Is Interest And Penalty Tax Applied? Read More »
ASIC is in the midst of a concerted campaign targeting private companies that have outgrown the reporting exemptions. ASIC requires companies to prepare and lodge a financial report and a directors’ report each financial year, and have the accounts audited unless the company is exempt. Most small companies are exempt from the compliance requirements as
ASIC Targets Small Companies In Audit Crackdown Read More »
Still waiting….. While the ATO has released a number of guides over the last month, we are still waiting on the ATO to clarify its position on when a company might be carrying on a business for tax purposes. As many taxpayers would realise, this has a significant impact on tax rates, maximum franking rates
It is a common misunderstanding that when you die, your superannuation will automatically form part of your estate, to be distributed according to whatever you have set out in your Will. Many people may not be aware that superannuation laws actually place restrictions on superannuation death benefits. It is important to note that the law
Who Receives Your Superannuation When You Die? Read More »
PLEASE NOTE: This Superannuation Guarantee article by was written by Katarina Taurian and was originally published in SMSFAdvisor on August 29. If you are interested in sharing, please do so via the original publication HERE. The ATO will be significantly stepping up its compliance and enforcement activity this financial year in relation to the payment of the superannuation guarantee (SG).
ATO Flags Big Intervention On Superannuation Guarantee Non-Compliance Read More »
This September sees a smaller number of tax due dates regarding dealings with the Australian Taxation Office than usual; although you may find that these relate to you or your business. Please pay careful attention, as forgetting to lodge documents or correspondence when needed can easily result in fines. Please keep in mind that when a due date falls
September Tax Due Dates Read More »
Every so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focussed. Last month in a speech to the National Press Club, Tax Commissioner Chris Jordan did exactly that. Part of the reason for this public outing is the gap between the amount of tax the
The Tax Commissioner’s Hit List Read More »
The ATO and Treasury have been busy this month. Treasury has released draft legislation for a number of the housing related measures announced in the 2017-18 Federal Budget giving us a clearer picture of taxpayers who might be affected and the likely impact. This includes draft legislation dealing with the removal of the main residence exemption
澳洲税务局在本财务年度中，将大力执行与支付保障养老金（Super Guarantee）相关的规定。 他们在新的报告中预测，养老金短缺净值约达$28.5亿。该净值计算方式为应付之保障养老金，减去实际被付出的养老金数目。 澳洲税务局报导，目前对保障养老金条例有一个较高的自觉遵守率；约有95%的保障养老金支付是在没有被定期监督的情况下完成的。但税务局副局长 James O’Halloran 也告诫所有自管养老金顾问，税局有充分的证据显示有必要显着提高保障养老金条例的遵守率。 税局数据更指出，公司积欠雇员保障养老金的净值总额，从2009/2010年的3.8%增加到2014/2015年度的5.2%。另外，澳洲税务局每年大约会收到约2万份针对公司未支付养老金的申诉报告，其中雇主不擅现金流管理、记帐状况不良以及无力支付养老金等状况频频发生。 O’Halloran 也表明，澳洲政府税务局将针对保障养老金采取积极措施，在本财年内将增加三分之一的个案监督审理，包括评估和审计。违反相关法规的雇主须缴交罚款。 「我们已经确定会对某些送审的案件诉诸罚款。在征收罚款时，我们通常会对第三债务人或向公司董事提出罚款通知。」 罚款金额最高可达到每位雇员未依法获得的保障金总额的2倍以上，当中可能包括衍生的利息。 如果您想了解税务局的保障养老金强制措施，会对您或者您的企业带来哪些影响，欢迎随时与Fortis会计团队联系。请拨打02 9267 0108，或是透过邮件与我们联系：info@exemplary-financial.flywheelsites.com。
税务局将严打保障养老金(SG)违规行为 Read More »
关于养老金有个常见的误解：在您身故以后，养老金会被自动归为个人资产，并按照遗嘱一并分配。 很多人没注意到，养老金法规对于账户持有人身故后的受益权有严格的规定。请您留意，养老金法规中明确规定订，在账户持有人身故以后，养老金信托机构只能将其资产移转给下列人士： 成员(养老金账户持有人)的眷属; 成员的法定代理人; 成员若没有法定代理人或眷属，则可以在适当安排下，移转给其他人。 在上述规定下，许多养老金允许成员提名其逝世后养老金的受益人。然而，如果成员没有指明特定对象，其身故后的权益，则根据该信托契约的条款或根据其养老金特别制定的条款受理。 此外，某些养老金不允许成员另外提名身故受益人，因此成员的身故受益人将由养老金契约为准。而某些养老金契约，可能会比政府的养老金法规还严格。 有一个养老金身故受益人的案例，受到澳洲媒体特别关注和报导。一位名为Leverton的RAAF技师因故去世，该技师曾是政府营运的军人养老金信托成员，在他过世后，留下两个孩子待抚养。 Leverton曾在遗嘱中提名他的前任伴侣作为财产受益人（也就是孩子的母亲），但他的养老金受托人并不是依照遗嘱分配其身故后的养老金，而是根据信托契约分配的。该信托仅支付两个孩子各11%的养老金身故受益额，并将其余78%的养老金分配给他的新伴侣。 在这个案例中，我们学到最重要的信息是，必须清楚知道「在成员本人逝世以后，谁可以拿到身故养老金？」您可能会讶异地发现，答案并不总是令人愉快。 此外，核实您的保险结构也很重要。如果您的保险绑定您的养老金，您也得确认保险金否能依照您的意愿送到受益人手中。 上述案例让我们看到，身故受益金可能不会送达您预期的受益人手中。 重要的是，要确认您的养老金信托是否可以指定身故受益人。如果不能指定，您必须把养老金列入资产策略中同步考量，并另做其他安排。如果您的养老金可以提名受益人，请确保您的提名是有效的，并且能达到您预期的结果。 提名方式有很多种，包括绑定和非绑定提名，各有优缺点。 在我们全方位的理财规划中，也包含了身故养老金规划。Fortis财务规划团队全盘考虑您的财务状况，并积极与您的遗产律师合作，确保您的养老金结构、保险安排、物业投资计划等，都能和您实际的目标保持一致。 如果您想进一步了解Fortis财务规划团队具体能提供您哪方面的协助，欢迎预约我们提供的首次免费咨询服务。请拨打(02) 9267 0108，或寄信至dennis@exemplary-financial.flywheelsites.com与我们的财务规划总监Dennis Souksamlane 联系。
Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
