Consequences of late SMSF annual returns
From 1 October 2019, if an SMSF is more than two weeks overdue on any annual return lodgment due date and hasn’t requested a lodgment defe..
Claiming travel expenses relating to rental properties
When making a claim in relation to your residential rental property, there are specific circumstances for when you can and cannot claim tr..
Dealing with a bad day at work
Bad days can happen to the best of us, but that doesn’t stop work from needing to get done. Whilst working when you’re feeling down is the..
Returning to work after accessing your super
Retirement isn’t necessarily a permanent thing as even the best-laid plans can collapse when circumstances change. The Australian Bureau o..
Are you meeting the Active Asset Test?
To qualify for small business CGT concessions, an asset must meet the conditions of the Active Asset Test to apply. An asset is considered..
Getting to know your credit score
Your credit score is an important number in your life as it can affect many financial aspects of your life. The three-digit number is a re..
Hiring working holiday makers
In Australia, there are approximately 100,000 working holiday makers employed each year. Any employer can hire working holiday makers prov..
Super for different visas
Australian employers are required to pay super to their employees when they earn $450 a week or meet specific criteria based on age or ind..
New industries included under TPAR
The taxable payment reporting system (TPRS) has extended to further businesses that provide particular services and those that pay contrac..
When do you need an ABN?
An Australian business number (ABN) is a unique 11-digit number that the Australian Business Register issues to all businesses, identifyin..