The ATO will start issuing Division 293 tax notices of assessment for the 2012-13 financial year to affected individuals from early February 2014. Division 293 tax is for very high income earners, whereby Division 293 tax will be charged at 15% if an individual’s taxable concessional contributions is above the $300,000 threshold (which are capped […]
In December there were changes to how super excess concessional contributions are taxed. Just like with most things, there are caps on the amount you can contribute to your superannuation fund each financial year that are taxed at lower rates. When you contribute more than the designated cap, you have to pay extra tax. Your
Superannuation Concessional Contributions Read More »
The proposed legislation to implement the 2013-14 Budget changes to the HECSHELP program has not been passed by the Senate. As a result, the HECSHELP upfront discount and the HELP voluntary repayment bonus will continue for the time being until further announcement. Until further notice, if you make a voluntary repayment of $500 or more,
Proposed Changes to HELP Voluntary Repayment Bonus Read More »
Getting new clients is considered as a lifeblood of any company. This is definitely true with accounting firms like us. It is the reason why having an effective marketing campaign is a must if anyone wants to succeed in this brutal industry. Regarding this, there are crucial Internet Marketing elements that we want to talk
Marketing for Accounting Firm as a Sound Strategy Read More »
As previously mentioned in our Basics of GST blog last year, you must register for GST if you run a business or other ‘enterprise’ and your GST turnover is $75,000 or more (for non-profit organisations the threshold is $150,000 or more). However, the exception to this rule is if you are a taxi driver then
Registering for GST Read More »
Recent reports have emerged stating that the pool of money Australian’s use from self-managed super funds (SMSFs) to fund their retirement is set to double in the next decade. The current pool is resting at $296 billion and is tipped to almost double by 2023 to $562 billion, according to news.com.au. Latest Australia Taxation Office
Rise in Self-Managed Super Funds Read More »
Over the past year there has been a big increase in the number of people joining the property market and investing in rental properties. And it’s no wonder why the popularity has increased with low interest rates and low home prices, now is a great time to become an investor. Aside from the usual benefits
Deductions for Rental Properties Read More »
Small businesses using cash has traditionally been a way to avoid paying taxes. Operating in the cash economy is a very risky decision and now the risk is only set to increase with the ATO set to use bank data to catch cash economy tax dodgers. According to the ATO, cash economy activities include: Paying
ATO Targets Cash Economy Tax Dodgers Read More »
As a result of the 2013 election, the Government announced changes to the instant asset write-off provisions for a small business. These changes have only recently come into effect from 1 January 2013. In accordance with the changes, with write-off depreciating assets, the threshold will change and only assets costing less than $1,000 (acquired and
Revision of Capital Allowances for Small Business Entities Read More »
From losing weight, to quitting smoking or getting active, New Year’s resolutions come in all shapes and sizes. One important New Year’s resolution to make is a financial New Year’s resolution. Making a New Year’s resolution is a great way to make a meaningful change in your life for the better – especially if you
Financial New Year’s Resolution 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!
