Utilising the Carry-Forward Cap Rule

2020-07-13T07:58:39+00:00

Description 17–18 18–19 19–20 20–21 21–22 22-23 Standard Concessional Annual Cap 25,000 25,000 25,000 25,000 25,000 25,000 Less: Concessional Contributions made in this FY nil (6,000) (5,000) (3,000) (3,000) (45,000) Unused Concessional Cap accrued in this FY $0 19,000 20,000 22,000 22,000 (20,000)               Opening Accrued Unused Cap N/A [...]

Utilising the Carry-Forward Cap Rule2020-07-13T07:58:39+00:00

What Are Concessional Contributions?

2020-07-13T07:57:06+00:00

Concessional Contributions is the term applied to taxable superannuation payments that are contributed into someone’s superfund and which are taxed, at 15%, by that superfund. The use of the term “concessional” indicates that superannuation payments are tax deductible to the payer of those contributions. They cover superannuation payments in the following guises:   The standard [...]

What Are Concessional Contributions?2020-07-13T07:57:06+00:00

Govt can’t regulate Bitcoin as a currency anymore? The Bitcoin Court Case against the ATO

2020-06-24T23:17:38+00:00

We recently ran a Court case against the ATO regarding the tax treatment of bitcoin in the AAT. Sometimes Court cases look like they are about one topic, when they are actually exploring deeper and more significant issues that have far reaching consequences. The Bitcoin case was one of those – and the results are [...]

Govt can’t regulate Bitcoin as a currency anymore? The Bitcoin Court Case against the ATO2020-06-24T23:17:38+00:00

New Tax loop hole created? The Bitcoin Court Case against the ATO

2020-06-24T23:14:29+00:00

We recently ran a Court case against the ATO regarding the tax treatment of bitcoin in the AAT. Sometimes Court cases look like they are about one topic, when they are actually exploring deeper and more significant issues that have far reaching consequences. The Bitcoin case was one of those – and the results are [...]

New Tax loop hole created? The Bitcoin Court Case against the ATO2020-06-24T23:14:29+00:00

Tax tips on Borrowing from your own company

2020-05-31T10:03:46+00:00

Division 7A is part of the Income Tax Assessment Act 1936 (ITAA ’36) that contains laws aimed at stopping small-medium enterprise (SME) company shareholders and their associates from avoiding taxation by accessing and benefiting from company assets and profits in a way that doesn’t result in these being included in their personal income-tax return. Why [...]

Tax tips on Borrowing from your own company2020-05-31T10:03:46+00:00

Government boosts funding for exporters

2020-05-15T04:35:06+00:00

Update to EMDG On 1 April 2020, the Federal Government announced a $49.8 million increase in funding for the Export Market Development Grant (EMDG) scheme, allowing exporters and tourism businesses to get additional reimbursements for costs incurred in marketing their products and services around the world. What is EMDG? EMDG is designed to encourage small [...]

Government boosts funding for exporters2020-05-15T04:35:06+00:00

Government funding for Australian exporters

2020-05-15T04:35:37+00:00

What is the Export Market Development Grant (EMDG)?   EMDG is a financial assistance program for future and current exporters provided by the Australian Government. The scheme: Encourages small and medium sized Australian businesses to increase their export promotional activities. Reimburses up to 50% of eligible export expenses above $5,000 up to a maximum of [...]

Government funding for Australian exporters2020-05-15T04:35:37+00:00

Strata Renewal Process

2018-02-27T06:54:49+00:00

Strata Renewal Process Strata Renewal Process In November 2016 new laws were introduced in NSW which in effect mean that any person can make a written proposal for the collective sale of a strata scheme to an owners corporation and if at least 75% of the owners of the lots agree and it [...]

Strata Renewal Process2018-02-27T06:54:49+00:00

How Donald Trump’s tax plan is already creating jobs in the US

2018-02-24T02:20:33+00:00

How Donald Trump’s tax plan is already creating jobs in the US How Donald Trump’s tax plan is already creating jobs in the US.  There is no doubt in my mind that the Trump tax plan, specifically the reduction in the corporate tax rate from 35% to 21%, will new create jobs [...]

How Donald Trump’s tax plan is already creating jobs in the US2018-02-24T02:20:33+00:00

Can I Claim The Export Market Development Grant (EMDG)?

2018-04-04T04:39:15+00:00

EMDG- The Export Market Development Grant  Can I Claim The Export Market Development Grant (EMDG)?   The Export Market Development Grant (EMDG)- What is it? It helps you pay for your marketing costs when selling your products overseas by reimbursing you (up to 50%) for amounts you [...]

Can I Claim The Export Market Development Grant (EMDG)?2018-04-04T04:39:15+00:00