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Wednesday, September 14, 2016

ROCG Perth - Management Consulting

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  1. We’re reading that borrowing in super funds is becoming ‘out-lawed’ – can you tell us the latest?
    12 Oct, 2018
    We’re reading that borrowing in super funds is becoming ‘out-lawed’ – can you tell us the latest?
    Due to the Royal Commission into the banking sector, the majors are moving out of the non-preferred lending market. A couple of the major banks announced a pull out of LRB lending altogether this month.
  2. What does the China/US trade war mean to Australia?
    08 Oct, 2018
    What does the China/US trade war mean to Australia?
    As the bilateral trade war between the US and China heats up, we look at what this might mean to Australia caught between its cultural and military ties to the US and its strong economic relationship with China.
  3. Working from home: What deductions can you claim?
    01 Oct, 2018
    Working from home: What deductions can you claim?
    For a while now, the Australian Taxation Office (ATO) has been concerned about tax deductions individuals have been claiming for a whole host of expenses. The latest on their ‘hit list’ are home office expenses. We guide you through what you can and can’t claim if you work from home.
  4. Tax ‘safe harbour’ for inherited property
    24 Sep, 2018
    Tax ‘safe harbour’ for inherited property
    When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.
  5. Got a HELP debt? The impending changes to speed up your repayments
    17 Sep, 2018
    Got a HELP debt? The impending changes to speed up your repayments
    The Government has moved to put an end to ‘eternal students’ who constantly study and never earn an income and speed up the payment cycle for those with outstanding debt.
  6. ATO takes its share of car sharing
    14 Sep, 2018
    ATO takes its share of car sharing
    The extra income earned by people taking part in car sharing services such as Car Next Door or DriveMyCar has come to the attention of the ATO.
  7. Last minute changes to the company tax and franking rate passed by Parliament
    10 Sep, 2018
    Last minute changes to the company tax and franking rate passed by Parliament
    Legislation passed by Parliament late last month introduces a new test that will restrict some companies from accessing the lower company tax rate from the 2017-18 financial year.
  8. 190,000 taxpayers ‘examined’ in ATO online rental blitz
    03 Sep, 2018
    190,000 taxpayers ‘examined’ in ATO online rental blitz
    The Australian Taxation Office (ATO) has announced a new data-matching program targeting taxpayers earning income from the exploding popularity of short-term rentals available on platforms like AirBNB and Stayz.
  9. 20 Aug, 2018
    Are you holding back your business?
    Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your risks.
  10. 17 Aug, 2018
    Accounting Software - Go Live!
    Various clients ask us at year end about helping update their Myob, Xero or Quickbooks data files for our adjusting entries to ensure their books are the same as our final version used to complete year end Tax returns.
  11. 13 Aug, 2018
    Clothing deductions hung out to dry
    The Australian Taxation Office is closely examining work-related clothing and laundry expense claims of taxpayers submitting their 2017-18 tax returns.
  12. 06 Aug, 2018
    Will Australians pay more for a good cause?
    In the same month that desperate farmers made headlines preparing to destroy starving flocks and pleading with the public to pay a few cents more for their dairy products, Dick Smith’s nationalistic brand announced its closure. The question is, will Australians pay more for a cause?
  13. Confusion reigns over superannuation transfer balance cap
    29 Oct, 2018
    Confusion reigns over superannuation transfer balance cap
    A recent speech by the ATO’s Assistant Commissioner for Superannuation demonstrates the very practical problems with the new superannuation rules.
  14. New immediate deduction for primary producers
    22 Oct, 2018
    New immediate deduction for primary producers
    Legislation that passed Parliament last month will enable primary producers to claim an immediate deduction for fodder storage assets such as silos and hay sheds used to store grain and other animal feed.
  15. Reminder on cents per km car expenses rate
    15 Oct, 2018
    Reminder on cents per km car expenses rate
    The cents per kilometre rate increased from 66 cents to 68 cents per kilometre from 1 July 2018. Employers who use the cents per kilometre rate to pay car allowances for employees should ensure that car allowance rates are up to date. If more than 68 cents per kilometre is paid, employers need to withhold tax on the excess amount under the PAYG withholding system.
  16. 30 Jul, 2018
    $20k accelerated deductions for small business extended another year
    The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has been extended for another 12 months until 30 June 2019.
  17. $10k limit on cash payments to business
    23 Jul, 2018
    $10k limit on cash payments to business
    One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to business.
  18. When can you take your super?
    23 Jul, 2018
    When can you take your super?
    The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind.
  19. New minimum pay rates from 1 July 2018
    16 Jul, 2018
    New minimum pay rates from 1 July 2018
    New award wages and allowances come into effect from 1 July 2018. If you’re an employer, it’s important that you are aware of the new rates and apply them. The Fair Work Ombudsman’s online Pay Calculator can help you determine the right rates to apply.
  20. 1 July 2018 Personal income tax cuts
    09 Jul, 2018
    1 July 2018 Personal income tax cuts
    New personal income tax rates come into effect from 1 July 2018.
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