Blog
Payroll Tax – NSW OSR ramps up audits
Be warned - we are experiencing an increased level of NSW payroll tax reviews & audits as the NSW Office of State Revenue ramps up action to increase its revenue. Payroll tax is 6% and applies to business with assessable wages above $626,000. Assessable...
Woolworths hybrid – preliminary notice on new issue
From 3D Planners: We have recently been notified that Woolworths will be issuing a retail "hybrid" preference shares much like those many of you have in the Commonwealth bank or the ANZ. These type of hybrid shares pay a fixed rate of interest and do not fluctuate in...
Free & Easy to use Tax Calculator
This link is an excellent website calculator to get a basic tax calc for individuals: https://www.taxcalc.com.au Obviously if you have deductions or rebates the tax calc will change. As always you can call me (or the office 02 4268 0070) if you need help doing the...
Budget 2013
Key Impacts: Individuals (from 1/7/12) -         Lowest tax free threshold increases to 18,200; and the Low Income Tax Offset decreases to $445 – thus the new tax free threshold is effectively approx 21K -         Medical offsets – changes for...
Directors personally liable for employee super and PAYG W
The laws regarding director liability have tightened.  The new laws essentially mean directors will be personally liable for unpaid (or unlodged and unpaid) superannuation obligation or PAYG Withholding for employees that are more than 3 months overdue. Mostly of...
First page of Google for $165 per yr !!
I have recently taken up what I think is great value internet advertising. The deal is based on a 1 key word + 1 suburb listing and for $165 - you are guaranteed to be on the first page of a google search. You get substantial discounts for adding extra keywords...
1 in 3 workers set to leave employer in the next 12 months
It has always been said “your employee’s are your number one assetâ€. Without them, you are left to do all the work. Ernst & Young have just released the findings of a survey into worker productivity. In brief the survey found: 1 in 3 workers plan to leave...
What work cars are fully tax deductible?
This seems to be a common question lately. This simple answer is not many. For most cars you will need to keep a log book to ascertain business percentage. However, utes and vans that are made and registered to carry a tonne or more are  100% tax deductible, no...
Family Trusts – kids need TFN’s
From 2011 year onwards, all kids under 18 who receive trust distributions will need a TFN. The ATO has been putting out professional media releases and sending letters to trustee companies. For those of you who are clients I will be doing a project in the new year to...
SMSF – borrowing for property gets easier
Lending within super (including SMSF’s) has been around for about 4 years now however the bank lending products have only recently become simple enough to make it worth the hassle. It is now quite easy to do, and can be a good option for growing your superfund or...