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Superannuation Concessional Contributions
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
Proposed Changes to HELP Voluntary Repayment Bonus
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
Marketing for Accounting Firm as a Sound Strategy
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
Registering for GST
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
Rise in Self-Managed Super Funds
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
Deductions for Rental Properties
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
ATO Targets Cash Economy Tax Dodgers
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
Revision of Capital Allowances for Small Business Entities
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
Financial New Year’s Resolution
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
Update on SME Tax Break
According to Business Review Weekly, the SME (Small Medium Enterprise) tax break may stay law beyond January 1. This tax break is an instant asset
税务常识第28期 – 工党遗留的税收法案
财长 Joe Hockey最近宣布了新政府对前工党政府在选举前提出的那些未立的税务法案的处理方法。在92个未立法的税务改革和更新中, 将继续进行的只有18个, 另外有3个将会大幅修改。 以下是政府承诺会继续进行和会取消的重要提案。 其它近期内也会做出决定。 继续进行的提案包括： 在养老基金中，账户余额低于某个数值的失踪会员的账户（‘lost member account’）将会被转交给税务局进行保管，使得其余额不会因各种费用而大大减少。 而这个帐户余额的最低限额将会被提高。 阻止‘洗股’现象（Dividend Washing）。这里指的是找出和填补股票市场的漏洞，从而阻止那些投资者从同一股票中获得两笔股息收入已缴税金（Franking credits）的现象。 逐步淘汰可抵扣税的净医疗费用。 通过第三方的各种财务报告和信息匹配来提高纳税人对纳税义务的遵循度 提高国外居民对资本收益税的预扣税制度的完整和可行性。 管理基金海外投资者预扣税-这是给国外退休金投资澳洲基金提供了保障。 将会被取消的提案包括： 对于投资收入超过10万的养老基金征税 建立一个养老基金管理监督委员会 对自我学习进修的教育费用设立$2000的上限 改革员工汽车福利税- 工党试图减少对税法对雇员汽车福利的优惠，但是这个企图也没有通过众多车行和租赁公司对新政府不断的游说。
Basics of Goods & Services Tax
Goods & Services Tax has been a major talking point recently in the media with the discussion of potential changes to GST. The Goods and
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