Workplace giving and salary sacrifice arrangements

Employers can collect money for a  Deductible Gift Recipient (DGR) by setting up a workplace giving or salary sacrifice arrangement for their employees. It is important that the employer understands the difference between the two types of arrangements. Workplace...

Be careful what you wish for

Living life without setting goals is like sailing a ship without having planned a course. We all know the importance of setting goals but why do so few families set short, medium or long term goals. When we prepare financial plans for our clients it is critical that...

Understanding Overtime Meal Expenses

Generally, meals and drinks purchased during work are considered as private expense that is a non-deductible expense to the employee. There is an exception where the employer pays an overtime meal allowance under an industrial award to the employee who is required to...

Superannuation guarantee

Superannuation guarantee contribution is one of the major obligations of a business owner. Generally, superannuation guarantee (SG) payments must be made into complying super funds or retirement savings accounts by the quarterly due dates, which are 28 days after the...