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Owning a business – whether as a sole trader or a company – is hard work. The responsibilities are immense, the tasks are numerous and the hours can often be long. Depending on the size and type of business, business…

The Federal Government made headlines last year when it announced a number of changes to superannuation which will come into effect in July. Despite the changes that will take place, there are still major incentives for people to maximise their…

The last quarter of the financial year has officially gotten underway, which means tax time is just around the corner. For some taxpayers, the end of a financial year is often the catalyst to evaluate and set goals, financial or…

Working as a sole trader has numerous benefits. However, it can also be a lonely and isolating lifestyle, especially for those who have minimal contact with others. It can also be easy to lose focus when there is no direct…

The ATO has advised that the recent change to tax for working holiday makers means there are extra steps tax agents need to take when preparing an early 2017 income tax return for these clients. Editor: We will obviously be able…

Due to the introduction of the new ‘transfer balance cap’ from 1 July 2017, super fund members with pension balances (in ‘retirement phase’) exceeding $1.6 million will need to partially commute one or more of their pensions to avoid the…