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The ATO has released the June 2014 quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC) as follows: GIC annual rate 9.63% GIC daily rate 0.02638356% SIC annual rate 5.63% SIC daily rate 0.01542466% Also,…

An overtime meals allowance should normally be itemised on your annual payment summary, identified separately (and in addition to) your gross wages. When itemised in this way, it should be declared as income in your tax return, but if you…

Notice of Termination An employer must not terminate an employee’s employment (subject to the exceptions set out below) unless they have given the employee written notice of the day of the termination.  How much to pay and the weeks of…

Did you know you can purchase property within your SMSF? If you have considered setting up a Self Managed Superannuation Fund (SMSF) no time is better than now. Don’t worry if you cannot purchase outright, you can borrow within the…