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The Australian Taxation Office (ATO) are continuing to target employers who aren't paying the full and correct amount of superannuation guarantee for their employees. But an amnesty is on the horizon.
A summary of the big announcements from the 2018 Federal Budget.
Single Touch Payroll (STP) starts from 1 July 2018 for employers with 20 or more employees and will be expanded to include employers with 19 or less employees from 1 July 2019.
On 15 November 2017, legislation was passed into law which will see most owners of residential investment properties denied tax deductions for travel expenses related to their properties. This law is backdated to any travel undertaken from 1 July 2017 onwards.
Estate Planning means different things to different people. Ultimately though, it is about ensuring that you have the right mechanisms in place to ensure that in the event of your death, your assets pass in the manner you intend them.