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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 […]

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 […]

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 […]

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 […]

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. […]

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, […]

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 […]

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 […]

New Partner We are very pleased to announce that David Downie has been admitted as a partner of Allworths. David has worked in the accounting profession […]

Since our last Viewpoint it has been a largely rural feel for Allworths.  Stephen Armstrong and Craig Duncan visited clients in Albury in June. In August, […]

The Quarter just ended – The last few months have focused on tax planning and looking at the implications of the Federal Budget. As we draw […]

Non-residents with Australian assets need to consider the impact of the Governments announcement in last weeks Federal Budget of the removal of the 50% CGT discount […]

The quarter just ended   This has been another busy quarter for the partners and staff of Allworths. In February, Stephen, Mark and Pasandi visited colleagues […]

Amendments to director penalty regime – draft legislation released Draft legislation has been release by David Bradbury, the Assistant Treasurer that will amend the law ostensibly […]

The Australian Taxation Office is introducing the  International Dealings Schedule (IDS) 2012 which replaces the previous Schedule 25A and Thin capitalisation schedule. Whilst some of the reasons for […]

Changes to Living Away From Home Allowances Recently the Federal Government announced significant changes to the taxation treatment of Living Away From Home Allowances which will […]

  Allworths Office Closure Our office will be closing during the Christmas period, from 3.00 pm Friday 23December 2011 and re-opening Tuesday 3 January 2012. We […]

Budget summary The Government announced a number of measures in the 2011-2012 budget that will impact SMEs and their employees. An outline of these is provided […]