The Final Guidance on s100A The ATO has released its final position on the application of section 100A targeting situations where a trust appoints income to a beneficiary but there is an agreement / understanding at the time of the distribution that the real benefit of the funds will be provided to someone else (unless […]
February 2023 Essential Tax Summary Read More »
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family groups will pay higher taxes because of the ATO’s more aggressive approach. Section
The ATO’s Final Position on Risky Trust Distributions Read More »
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs. What’s a ‘downsizer’
Is “Downsizing” Worth it? Read More »
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough. The downside of not taking time out for your strategy is that there is a tendency to keep a short-term focus at an operational level to try and pick quick wins to generate financial returns. Sometimes in
Full Throttle in 2023 Read More »
Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system. Let’s start by saying that we were impressed. Not so much by ChatGPT’s ability to work with the complexities of the
How Good is ChatGPT at Tax? Read More »
The Christmas season is quickly approaching, and while it can be an exciting time of the year filled with family gatherings and gift-giving, it can also come with a financial hangover if you’re not careful. To avoid the headache that comes from overspending this holiday season, we’ve put together five tips on how to stay
Top Five Tips To Avoid A Financial Hangover This Christmas Read More »
The Government’s ‘Secure Jobs, Better Pay’ legislation passed Parliament on 2 December 2022. We explore the issues. The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 passed Parliament on 2 December 2020. The legislation is extensive and brings into effect a series of changes and obligations that will impact on many workplaces. The
What do the ‘Secure Jobs, Better Pay’ reforms mean? Read More »
It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for a generous and tax effective Christmas season: For your business Tax & Christmas For GST registered businesses (not tax exempt) that
Avoiding the FBT Christmas Grinch! Read More »
Information for registered agents about preparing and lodging tax statements and returns due in December 2022. 1 December Pay income tax for taxable large and medium taxpayers, companies and super funds. Lodgment of return is due 15 January 2023. Pay income tax for the taxable head company of a consolidated group with a member deemed
December 2022 Tax Due Dates Read More »
The transition period for Director ID numbers ended on 30 November. Just in time, the Commissioner has clarified the position on Directors who resign on or before the 30 November transitional deadline in ABRS 2022/D1 and ABRS 2022/D2. Parliament has also been busy delivery a series of past and present Budget announcements: FBT-free zero and
December 2022 Essential Tax Summary Read More »
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!
