Allworths
October 1, 2014
Pursuant to the Corporations Act, a creditor that is owed more than $2,000 is eligible to issue a statutory demand against a company requiring it to […]
October 1, 2014
For every property transaction that you make there may be a GST consequence you need to consider. If you are making transactions involving property you […]
October 1, 2014
The tax office says $14 billion in lost super is waiting to be claimed. Does some of this relate to you or your family members? The […]
October 1, 2014
The ATO’s Project DO IT (Disclose Offshore Income Today) offers taxpayers with unreported income from offshore investments, the opportunity to make a full voluntary disclosure. In […]
October 1, 2014
ATO activity statements will be due on 28 October 2014 for those who lodge and pay on a quarterly basis. These first quarter statements need to […]
October 1, 2014
Recent press coverage of special dividends and capital distributions from some of Australia’s largest listed companies has prompted a range of inquiries from clients who have […]
October 1, 2014
There has been increased ATO audit activity in the small business sector particularly where the ATO has used small business benchmarking. Benchmarks are financial ratios developed […]
October 1, 2014
The Australian Tax Office (ATO) has issued draft guidelines for the risk assessment and audit selection for professional practices for compliance reviews related to 2014/2015 […]
June 23, 2014
SMSFs – SuperStream deferral We sent out a newsflash in March this year regarding the new electronic data and payment requirements of the ‘SuperStream’ system to […]
March 27, 2014
New appointments We are very pleased to announce the appointment of two new members to the Allworths team, Colleen Hosking and Sophia Tong. Colleen joins us […]
March 27, 2014
SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must make super contributions on behalf of their employees […]
December 12, 2013
Christmas The office will officially close on Friday 20 December 2013, and re-open Monday 6 January 2014. We wish all our clients, colleagues and families all […]
December 6, 2013
Small business (those with an aggregated annual turnover of less than $2 million), have only 4 weeks to take advantage of tax benefits of the “Instant […]
September 23, 2013
Tax Office reacts to superannuation funds selling assets after entering pension phase The ATO has issued a Draft Taxation Determination (TD 2013/D7) that self managed superannuation […]
September 16, 2013
Self-education expenses cap delayed The Government has decided to defer the introduction of the $2,000 cap on work related education expense deductions until 1 July 2015. […]
July 26, 2013
Private Health Insurance Rebate From 1 July 2012 private insurance premiums are income tested to determine entitlements to the private health insurance rebate. As a result, […]
July 5, 2013
Changes to the super guarantee and upper age limit From 1 July 2013 the super guarantee increases to 9.25% and the upper age limit has been […]
January 17, 2013
New taxes may soon apply The United Kingdom is introducing legislation that will from April 2013 inflict an annual property tax on foreigners who own UK […]
October 22, 2017
Superannuation A common misconception is that a deceased member’s superannuation benefits automatically form part of their estate, which is transferred under their Will. A deceased individual’s […]
September 17, 2017
Keeping your business passion alive With thanks to our guest contributor: Jo Hanlon of Mind Your Ps, our go-to HR experts You may have inherited a business, started one, […]
September 17, 2017
Estate Planning Mark Copsey – Partner I’ve found one simple question causes relief and yet so much stress at the same time with clients: is your […]
August 17, 2017
Eeny, meeny, miny, moe: getting that job done how and when you need it (part 2) With thanks to our guest contributor: Jo Hanlon of Mind Your Ps, our […]
August 17, 2017
Eeny, meeny, miny, moe: getting that job done how and when you need it (part 1) With thanks to our guest contributor: Jo Hanlon of Mind Your Ps, our […]
August 16, 2017
New rules in force from 1 July 2017 From 1 July 2017, there has been an effective reduction in the top marginal rate of tax for […]
July 20, 2017
The new financial year is well and truly here. Bleary-eyed accountants everywhere have emerged from their cubicles to a sunny Sydney winter. It’s a great time to […]
July 20, 2017
GST not being charged on all imports In May, we published a blog post about proposed new GST rules affecting overseas businesses exporting goods and services […]
June 5, 2017
With 30 June closing in quickly, here are some practical things to consider about the upcoming changes to superannuation. Before taking any action, we recommend speaking […]