Our Blog

Will you outlive your retirement savings?

Retirement Savings With the changes to the superannuation laws from 1 July 2017 most pre retirees are concerned that they will outlive their retirement and investment assets in retirement. Others are concerned that they only will have two choices. they either downsize...

Capital Gains Tax Issues for Deceased Estates

It is prudent for testators, executors and beneficiaries to be aware of the Capital Gains Tax (“CGT”) implications for deceased Estates. Effective tax planning can have a significant bearing on the amount of tax paid by the Estate and/or beneficiaries. What is CGT?...

Federal Budget Summary 2017-18

On 9 May 2017, the Treasurer, Mr Scott Morrison, handed down his second Federal Budget. The Budget focuses on gradually returning to surplus over the medium term. It contains significant changes for small businesses, superannuation and the property market. Budget...

The merits of investing in insurance bonds

Breaking down Non Concessional Contributions In the latest superannuation changes the government has made amendments to Non Concessional Contributions (N.C.C.) to superannuation funds. Non Concessional Contributions (N.C.C.) are those contributions that we make to our...

Options to purchase land – risks and rewards

Property Purchasing Entering into an option to purchase property is a good way for individuals and developers to purchase property at an agreed price in the future in the hope that the property price increases, whether by market forces or by making rezoning and...

ATO Payment Arrangements

It is understandable that occasionally it may not be possible to meet your tax obligations on time because of financial or other difficulties. As a first step, it is important to know how much you owe so you can manage your tax obligations. If you’re having difficulty...

Business obligations when hiring a new worker

It is exciting time when new workers join your business. Meanwhile, it is crucial to determine if they are an employee or contractor before entering into an agreement or contract. Your business will need to keep records to support your decision on whether your worker...

Home office expenses

You may be entitled to claim deductions for home expenses including a computer, phone or other electronic devices you are required to use for work purposes, as well as a deduction for running costs. Claim Deductions As an employee, generally you cannot claim a...

Becoming a director of a company?

A company registered in Australia needs to have a minimum number of directors and a secretary. If a company does not have enough officers, it will be in breach of the Corporations Act 2001. This could result in the company paying penalties or being prosecuted for not...

Update to Recent Amendments To The Retail Leases Act NSW

Recent Amendments to the Retail Leases Act NSW have received Royal assent by the passing of the Retail Leases (Amendment) Bill 2016 NSW and there have been some significant changes to the requirements and obligations of Lessors (landlords) involving Retail Leases....