How to avoid the 45% tax rate? Did you know that income remaining in a trust is taxed at 45%? It is imperative that any trust income is correctly allocated before 30 June 2014 to avoid horrible tax outcomes. To achieve the best outcome you should: understand your tax position for the year ended 30 June 2014 prepare an effective tax plan for the remainder of this...
Tax planning The end of the financial year is fast approaching. Please contact our offices if you are interested in tax planning. Tax planning includes but is not limited to: Deferring assessable income Accelerating deductions Capital Gains Tax Debt & Equity implications Salary sacrificing Low income tax offsets Superannuation Non commercial losses Trust distribution calculations and resolutions Unpaid present entitlements Closely held trust measures Family...
Newsletter This newsletter includes the following interesting articles: Protecting personal information Be wary of GST clauses in contracts PPSA deadline looms Update on employment laws New Year’s resolutions for 2014 Planning for the Super Guarantee rate rise ATO reminder about RFB Record keeping for businesses Important tax dates
MySuper A reminder that from 1 January 2014, employers have an obligation to pay superannuation contributions into a default fund that offers a MySuper investment option unless the employee has exercised choice of fund. Please contact our office if you would like to discuss how this may effect your superannuation obligations. Asset Security Are you selling on terms, such as retention of title, or leasing...
We have included a few interesting articles to help your business improve and succeed. The articles include: What to consider when giving a holiday bonus Fair Work Amendment Act 2013 Tips on getting fuel tax credits New protocol to tackle late payments Keeping employee records Personal Property Securities Act 2009 Changes to Privacy Act 1988 Getting ready for MySuper
2013 Spring Profit Improver KRS Accountants
2013 Winter Profit Improver KRS Accountants
Please click on any of the links below to view the August 2013 newsletter which includes the following interesting articles: Changes to car fringe benefits Wage changes Division 7A benchmarks Book review How much choice is too much? Loss carry-back options ATO compliance radar
This newsletter includes the following interesting articles: Attracting repeat customers Writing effective marketing material Outsourcing small business tasks The importance of employer branding Eliminating products to improve products How to make online content more engaging
We have included a few interesting articles which you may find useful in helping your business improve and succeed. The articles include: The year ahead ATO debt collection options Protecting business assets Small business tax concessions Obtaining a sales edge in 2013