ATO Mobile strike force to fight the black economy
As part of the $318.5 million federal budget funding boost to the ATO to implement new strategies to combat the black economy, the Tax Office will be authorising mobile strike visits to 10,000 businesses in 30 locations across the country. The locations will include 10 metro, 10 regional, and 10 remote areas.
Super Choices for Employees
If you earn most of your income from employment, you may want to make personal deductible contributions – instead of, or in addition to, salary sacrifice. Since 1 July 2017, employees have been able to claim personal super contributions as a tax deduction.
ATO Cracks down on Home office expenses
The Tax Office has put tax claims on costs incurred as a direct result of working from home on its radar, in a continuation of its work-related expenses crackdown. The announcement comes after the ATO recently highlighted several small business professions that have a number of tax ‘grey areas’, including…
What Retirement Living Looks like in 2018
Aussie retirees’ tastes have shifted to lifestyle accommodation featuring onsite chefs and family- and pet-friendly spaces, the founder of a village comparison site has said. Given Australia’s rapidly increasing retiree population, a transparent and easily navigable retirement living sector is critical, the founder of Compare Villages, Jessica Kinnear, told Nest…
The Rules around Gifting & Donations
As we have been fundraising for the RSPCA this month, we thought it timely to touch on the rules around gifts & donations, as well as how you can track these items for tax time. Read on to find out more & access the ATO App to track your deductions!
Last Minute Tax Tips for Small Business
Up-to-date records and a range of tax concessions are some of the major items the Tax Office has advised small businesses to consider ahead of tax time. In a tax tips guide for small business, ATO assistant commissioner Mathew Umina said keeping good records will help small businesses to complete and…
Keys to De-Stressing a Mortgage
“Don’t sail out farther than you can row back.” This Danish saying is sound advice for anyone thinking of borrowing to buy a home. According to a paper1 for the Centre of Policy Development and University of Canberra, Australians have a tendency to be over-confident in our ability to repay…
It’s Tax Time
It is time to do your 2017/18 tax return. We are your experts for any queries you may have regarding tax & for preparation of your annual Tax Return. Checklist for BusinessChecklist for IndividualsFees for 2017/18 Tax Returns Contact us on 08-8364 5555 today!
What are the minimum pension payment rules?
When you start a superannuation account-based pension, you must withdraw a minimum amount each financial year to secure a tax exemption for the investment earnings on the fund assets financing your super pension. The minimum pension payment amount, payable for the financial year, is based on your age and the…
Super-Your 2017/18 Guide & making the correct contributions
Substantial changes to the superannuation rules took effect from 1 July 2017: have you investigated how the super changes will affect your superannuation and retirement plans for the 2017/2018 year, and for future financial years? It is also very important to ensure that you make the correct super contributions. At…
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Contact Details
| Office Location: | Unit 3A, 15 Fullarton Road, Kent Town SA 5067 Australia |
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| Phone: | +61 8 8364 5555 |
| Fax: | +61 8 8364 5655 |
| Email: | greven@www.greven-co.com.au |