Protecting an Inheritance from a Family Law Claim By Alison Hiscocks - Hiscocks Lawyers You may have made a Will and think that you have done all you can to provide for your children after your death. But what happens [...]
Downsizer Superannuation Contributions Recent changes to superannuation rules provide an opportunity for over 65’s to contribute sale proceeds from their main residence into superannuation, up to a maximum $300,000 per person. The key benefit of this is the ability to [...]
GST Withholding On Residential Property The Government has introduced a Bill aimed at strengthening GST payments in the property industry as part of the 2017/18 Federal Budget. Under the new laws, buyers are required to withhold the GST on the [...]
Why is Succession Planning Important? Succession planning is a critical part of good business planning. The better you prepare, the better the outcome you should achieve and the smoother the transition. If you do little planning, then it is likely [...]
Starting a small business? Don’t become a statistic There is something irresistible about starting a small business that has captured our collective imaginations, with small businesses making up 97% of all Australian businesses. But unfortunately, over half of these fail [...]
Work Related Expenses - What You Need to Know The ATO are paying attention to people who are over-claiming work related expenses. If you can satisfy these three rules then the expense is claimable: You must have spent the money [...]
Housing Affordability Tax Measures Recently, legislation has been introduced to Parliament for a number of housing affordability tax measures. One measure is the First Home Super Saver Scheme (FHSSS) which will encourage first homebuyers to ‘build a deposit inside their [...]
Is A Contractor Really An Employee? There are so many myths about when is a contractor really an employee? Not understanding the differences could leave you in a lot of trouble with the ATO. Here's a short video explaining more. [...]
Why Teaching Kids Financial Skills Is Important We recently came across the following information on the moneysmart website and we thought it was worth sharing with anyone raising children and wanting to teach them some financial skills. If kids develop [...]
Changes to the Age Pension rules – will you be affected? From 1 January 2017 Government changes to the Age Pension are likely to reduce pensioner entitlements. It’s important that you understand how the changes could affect you. Increase in [...]
