Uncategorized
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 […]
December 17, 2012
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 […]
December 4, 2012
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, […]
March 10, 2025
Division 293 tax is an additional tax on concessional superannuation contributions for high-income earners in Australia. It is applied at a rate of 15% on certain […]
March 17, 2025
Sustainability has become a key focus for businesses across all industries. Companies are increasingly recognising that sustainable business practices not only help the environment but also […]
March 24, 2025
Natural disasters can cause significant damage to rental properties and business premises, leading to costly repairs and financial uncertainty. If you own a rental property or […]
April 7, 2025
Running a business comes with its fair share of challenges, but some warning signs indicate deeper problems that could jeopardise its long-term success. Whether you’re an […]
April 14, 2025
If you’re running a small business in Australia, you’ve probably heard the term “instant asset write-off” tossed around—especially come tax time, and more recently in the […]
April 21, 2025
When you’re in the thick of raising a family – balancing work, school runs, and sleepless nights – estate planning probably isn’t top of your to-do […]
April 28, 2025
As the end of the financial year (EOFY) approaches, it’s time to get your business records in order and ensure everything is ready for tax time. […]
May 5, 2025
As the end of the financial year (EOFY) approaches, now is the perfect time to check in with your accountant and make sure your finances are […]
May 12, 2025
The approach to the end of the financial year is a great time to review your superannuation strategy – especially if you haven’t used up your […]