This October 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 […]
October Tax Due Dates Read More »
The biggest news this month is the announcement that retrospective changes will be made to the company tax rate rules. Presumably as a result of all the uncertainty that has surrounded the recent lowering of the corporate tax rate, the Government has stepped in to ensure that companies deriving 80% or more of their
The 1 July 2017 superannuation reforms introduced a new reporting regime for funds. Funds now need to advise the ATO of key events within the fund that impact on retirement income streams (pensions): When you start a pension. When you stop a pension or take a lump sum. When the fund accepts a structured settlement
What you need to tell the ATO about your Self-Managed Superannuation Fund Read More »
The issue of Director’s fees often comes up – should we pay directors, how to pay, and if we do pay fees how should they be paid? We answer the common questions for private companies. Can you pay a Director? Directors who work in the company, executive directors, would generally have an agreed executive remuneration
Director’s fees: What and How To Pay Them Read More »
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 »
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!
