by Marketing | Mar 13, 2014 | SMSF, Tax Saving Strategy
According to Roy Morgan Research, SMSF’s lead the industry in trustee/member satisfaction. The Roy Morgan Research Superannuation Satisfaction January 2014 report found SMSFs led the way in January with 73.1 per cent customer satisfaction, followed by industry...
by Marketing | Mar 13, 2014 | Employment, Income Tax - Individuals, Redundancy Payments
Tax on ETP amounts can vary based on “Preservation Age”. ETP’s are also subject to caps – see this post. Preservation in the context of Eligible Termination Payments (ETP’s) determines the tax applicable to the payment. Preservation age is determined using...
by Marketing | Mar 13, 2014 | Employment, Income Tax - Individuals, Redundancy Payments
A genuine redundancy payment is a payment you receive because the job you were doing is abolished. That is, your employer has made a decision that the job you are doing no longer exists and your employment is to be terminated. A genuine redundancy has special tax...
by Marketing | Mar 13, 2014 | Employment, Income Tax - Individuals, Redundancy Payments
A genuine redundancy payment is a payment you receive because the job you were doing is abolished. That is, your employer has made a decision that the job you are doing no longer exists and your employment is to be terminated. A genuine redundancy has special tax...
by Marketing | Mar 11, 2014 | SMSF
Assistant Treasurer Arthur Sinodinos has said he does not believe SMSFs are investing “too much” into property. In his address to ANZ Central Bank and Sovereign Wealth Fund Conference, Senator Sinodinos addressed ongoing public speculation concerning SMSFs and...
by Marketing | Mar 9, 2014 | SMSF
Caps apply to contributions made by, or for the benefit of, fund members and any contributions made over the caps are subject to extra tax. The caps and how much extra tax a member may need to pay on amounts over the cap depends on whether the contributions are...
by Marketing | Mar 6, 2014 | Employment
We often receive enquiries from employers and employees asking whether they can or should engage workers as an employee or a contractor. The question is very important as it can have Employee insurance libility, Superannuation Guarantee and other consequences....
by Marketing | Mar 6, 2014 | Employment
On 1 January 2014, new rules to an Employer’s proposed change of regular rosters or ordinary hours of work of employees and applies to any employees covered under a Modern Award, as well as any employees covered by an Enterprise Agreement that is approved by the...
by Marketing | Mar 6, 2014 | SMSF
SMSFs are the fastest-growing segment of the superannuation sector with well over 30,000 being created each year, and with the total number now having reached over 500,000. Further, SMSFs boast over $500 billion in total assets. Whether the phenomenal growth of...
by Marketing | Mar 4, 2014 | Income Tax - Business
Changes to simpler depreciation rules apply from the 2012-13 year as follows: the small business instant asset write-off threshold has increased from $1,000 to $6,500 small businesses can claim an accelerated initial deduction for motor vehicles acquired in 2012-13...
