COVID-19 has had an impact on many SMSFs. Let\’s look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under the COVID-19 measures, there are some additional steps that trustees need to take. Trustees will need to ensure their deed …
JobKeeper 2.0 The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be eligible. The proposed changes would enable employees employed on 1 July 2020 to receive JobKeeper payments from 3 August if …
Two major Australian Taxation Office (ATO) initiatives are searching out fraud and schemes designed to take advantage of the Government’s Coronavirus Economic Response Package. Tip lines, tax returns and STP The tip line, tax returns, and single touch payroll are just a few of the data sources the ATO is using to identify “inappropriate behaviour.” …
TAX PLANNING GUIDE Now’s the time to review what strategies you can use to minimise your tax before 30 June 2020. Imagine what you could do with tax savings? Reduce your home loan Top up your super Have a holiday Deposit for an Investment Property Upgrade your Car The most important thing to remember is …
CLICK HERE to read the Acumon Connect Winter 2020 Newsletter In this issue: – Expert Advice– JobKeeper– Cupcakes with Claire– Financial Planning Advice
let us help you achieve the ultimate financial freedom Let’s keep it really simple. We can create for you, a one-page plan for your future: how much money you will need an estimate of how much money you’ll have how to help you get to what money you’ll need to ensure you have a bright …
Do you know what Single Touch Payroll (sTP) is? STP is now in its second year. New mandatory salary and super reporting requirements came into place last year, commencing 1 July 2018. Single Touch Payroll (STP) is a government initiative that changed the way businesses report on their payroll to the ATO from July 2018. …
Now that the Federal Election has been won by the Coalition, our combined focus needs to be on how you can save tax before 30 June 2019! While the Coalition has promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’ time. Here are 2 key areas …
2019 Tax Planning & How a Coalition Federal Election Win Will Affect You Read More »
This year’s Budget is rather unique as it occurred just before a federal election. While there are many parts of this year’s Budget that apply to future years, we have summarised below the key changes you need to know about for the next 12 months. Remember, if the Federal Government changes then the Budget changes …
If you’re a parent concerned about the spending habits of your son or daughter, you’re not alone. Here are some simple suggestions to help your loved ones take back control and stay out of debt. When you’re young and living life to the full, it can be tempting to see your credit card as a …