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Federal Budget Summary 2018-19

On 8 May 2018, the Treasurer, Scott Morrison, delivered his third Federal Budget. How does this budget affect you? $20,000 immediate write-off is extended The Government will extend the $20,000 immediate write-off for small business by a further 12 months to 30 June...

Stamp Duty consequences of Estate property transfers

Stamp Duty consequences It may be that your intentions under your Will are to provide your property to your beneficiaries or is it that you really intend to provide the value of the property to your beneficiaries. Your decision and directions in your Will may have...

Penalty Rate Changes: Casual employees

A casual employee engaged has no guaranteed hours of work, usually works irregular hours (but can work regular hours), does not get paid sick or annual leave and employment can be terminated without notice, unless notice is required by a registered agreement, award of...

SMSF’s investing in Bitcoin and other cryptocurrencies

Investing in Bitcoin and other cryptocurrencies Guidelines have recently been issued by the ATO with regards to SMSF’s investing in Bitcoin and other cryptocurrencies. Essentially, such investments are permitted where; The SMSF Trust Deed permits this type of...

Fringe Benefit Tax – Operating cost method

When is a motor vehicle log book necessary? When you use this method you must keep a log book for all motor cars as defined below: The concept of a car is a statutory defined term and basically means a motor vehicle (except a motor cycle or similar vehicle) designed...
How Blockchain is already changing your world

How Blockchain is already changing your world

Although we are only at the tip of the iceberg of blockchain’s immense potential, industry leaders like Bob Greifeld, CEO of Nasdaq, have already pegged the emerging technology as “the biggest opportunity set we can think of over the next decade”.i From the humble...
Applications for a clearance certificate

Applications for a clearance certificate

When purchasing or selling a property or offering finance, you need a clearance certificate. A clearance certificate provides certainty to purchasers regarding their withholding obligations. It confirms the withholding tax is not applicable to the transaction. What is...

Weighing up the value of life insurance

It probably comes as no surprise to anyone that there is a significant under insurance gap between what we would need to maintain our standard of living should the unthinkable happen, and what we are actually covered for in the way of insurance. Australia is one of...