2016 Warning on Super Contributions

The 2016-17 Federal Budget announcements on superannuation have caused a lot of concern. Superannuation policy changes include: A $500,000 lifetime non-concessional contributions cap from Budget night A reduction in concessional contribution cap from 1 July 2017 The...

Reduce company tax – accruing director fees

Disclaimer. This blog post is a general discussion only, it is not intended as personalised advice. Professional services from accountant and lawyer are strongly recommended. One of the common tax planning strategies for family-owned companies is accruing director...

2015 FBT! What’s New?

As an employer, you must understand and your Fringe Benefit Tax (FBT) obligations to avoid significant penalties from the Australian Taxation Office (ATO). FBT is a tax paid by employers and it is separate from income tax.  It is based on the taxable value of non-tax...