Many people believe that it is a given that superannuation does not become a part of your estate unless you make it a part of your Will, but this is not always the case. The importance of taking care of all of the details before you die is an important part of having your affairs in order, regardless […]
When establishing an SMSF, one important factor to consider is who will act as trustee of the Fund. Some people may believe that the best option would be to appoint themselves as trustee and another individual with them (in the case of a sole member), as a cheaper alternative to using a corporate trustee. However,this is not always […]
Christmas is a time for giving but don’t let this Christmas be your tax “Silly Season”. In December, we highlight the tax implications that are relevant to this time of year and how to maximise the benefit to you with regards to the following: Staff gifts Christmas Parties Client gifts Donations to charities Christmas bonuses […]
The Tax Office is running a series of webinars about Self Management Super Funds. The best part is IT’S FREE and there are numerous times available right up to mid December. Whether your interested in establishing your own SMSF or you currently have one and want to find out more information these webinars are a […]
Purchasing Property within an SMSF. Top Mistakes to Avoid! There are plenty of spruikers out there at the moment targeting SMSFs for various investment schemes that may seem too good to be true. The old saying “if it’s too good to be true, then it probably is” applies here just as importantly as anywhere else. […]
Already a quarter of the way through the 2014/15 financial year and what a busy start it has already been. This month our PJS Accountants Newsletter explores company tax and “Are big companies getting a better tax deal” and how if at all can smaller companies and individuals get a better deal. We also explore […]
There are three issues to address for any business regardless of whether you plan on exporting or not: Is there an opportunity to develop your product overseas? Do the FTAs represent a competitive threat to the industry you are in? And, is there an investment opportunity? FTAs are generally implemented over time and with that, […]
Australia formalised two Free Trade Agreements (FTAs) in April. Outside of the photo opportunity, what do the agreements with Korea and Japan really mean for business and more importantly, are there opportunities for all? It’s important to remember that FTAs pick winners – so, the answer is no, not every sector is a winner. FTAs […]
We’re noticing an increased level of audits by the ATO and State regulators. Key audit areas include payroll tax and GST. With payroll tax, the regulators are looking for those who understate or avoid their payroll tax obligations. A few of the common problem areas are: Contractors – just because you have a contract in […]
Easy come, easy go: The PPSR & your business 31 January 2014 should be seared into the brains of business owners and operators. When the Personal Property Securities Act (PPSA) came into effect in January 2012, it provided a two year grace period to register security interests on the Personal Property Securities Register (PPSR). The […]