Blog

In the 2016/2017 Federal Budget, it was announced that, from 7:30pm (AEST) on 3 May 2016, there will be a lifetime cap of $500,000 on non-concessional (i.e., non-deductible) superannuation contributions. This new lifetime cap is proposed to take into account all non-concessional…

It’s an exciting time to be a homeowner in Australia, with one advantage to having a mortgage being the thrillingly unexpected terrain of the interest rate levels for the future. While rates are currently at an all-time low for the…

Whether you’re starting your business from the ground up or need some help with increasing your reach, there are a number of grants and assistance services available from the Australian government that can help get you there. Both state and…

The ATO has released the latest benchmarks for small business based on the data from 2014 income tax returns and business activity statements, covering over 1.3 million small businesses. Assistant Commissioner Matthew Bambrick said that, if a small business is…

The ATO is concerned that those earning money from the ‘sharing economy’ may not realise they have to declare these amounts on their tax return. In the sharing economy, buyers and sellers are connected through a facilitator who usually operates…

Tax time is prime time for scams The ATO is reminding Australians to be on the lookout for tax-related scams during tax time, as scammers are particularly active because of the large number of people lodging their tax returns. Assistant…