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As a high income earner are you at risk of Division 293 tax?

Since the 2013 financial year, the Australian Taxation Office (ATO) have been issuing Division 293 Tax Notices of Assessment to individuals whose income for Division 293 purposes is greater than the specified threshold per annum. Division 293 Tax was introduced to reduce the concession high income earners receive on their superannuation contributions. Since the introduction Read More

2017 Federal Budget Summary

9 May 2017 The Federal Treasurer has handed down his first budget for this government’s three-year term. The budget appears to be focused on boosting the economy and households so that “we live within our means, and are able to return the Budget to balance in 2020/21”.  Note: The measures outlined in this Federal Budget Read More

Get The Most From Your Bookkeeper

Many small to medium sized businesses employ a bookkeeper to assist in running the administrative side of their business. Broadly speaking, bookkeeping involves maintaining up to date business records by way of processing invoices, performing bank reconciliations, adhering to lodgement requirements and providing general administrative support. What many clients aren’t aware of are the additional Read More