New rules for selling property over $2 million
31 Mar 2016
The government is strengthening the foreign resident capital gains tax (CGT) regime to assist in the collection of foreign residents’ CGT liabilities. New rules will soon apply to sales of taxable Australian property with a market value of $2 million or above. A 10% non-final withholding tax will be incurred for all contracts entered into on […]
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SuperStream – Are you ready?
31 Mar 2016
Employers with 19 or fewer employees should be SuperStream ready by 30 June 2016 (larger employers should already be using SuperStream). However, the ATO recommends making your first SuperStream payment no later than March 2016. This will give you time to make several payments and ensure your system is running smoothly before the 30 June 2016 deadline. […]
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Income protection insurance
30 Mar 2016
You can claim the cost of premiums you pay for insurance against the loss of your income. You must include any payment you receive under such a policy on your tax return. If the policy provides for benefits of an income and capital nature, only that part of the premium attributable to the income benefit […]
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Unpaid super from your employer
17 Mar 2016
If you think your employer isn’t paying your super guarantee contributions, follow the steps below: Talk to your employer. You should ask them how often they are currently paying your super, into which fund they are paying it and how much they are paying. Check your last Member statement from your super fund or contact […]
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