Amended Super Reform

The Government has outlined yesterday amendments to the superannuation reforms announced in the 2016/17 Federal Budget. Note: These changes below are not yet legislated and still have to be introduced to, and make it through, Parliament. Non Concessional Contribution Cap The original proposal was to replace the existing non-concessional contribution (NCC) cap with a lifetime limit […]

Read more

Would Sir or Madam like a Contract “to go” with those Mutual Wills?

Many couples make Wills on the same terms – they choose the same executors, beneficiaries, and asset distribution. However, there is nothing to stop one – or both – changing his or her Will to dis-inherit beneficiaries that the couple had jointly understood would benefit on death.  Without a formal contract to make mutual wills, […]

Read more

Protect Yourself from Tax & Other Scams

The Australian Competition and Consumer Commission has issued a warning about various tax scams that are currently being circulated and has warned taxpayers to be on the lookout. In 2015 almost 87,000 phone and email scams were reported to the Australian Taxation Office (ATO), an increase of over 90 per cent from 2014. From January […]

Read more

Investors Must Accept Lower Returns for Longer

Three fund managers have nominated corporate bonds, unconventional investment approaches, and the healthcare and consumer discretionary sectors, respectively, as the most likely sources of growth for individual investors in the current environment. The trio of managers were: Bill Bovingdon, chief investment officer, Altius Asset Management; Prasad Patkar, head of qualitative investment, Platypus Asset Management; and Chad […]

Read more

Economics: Markets Hang On a Laundry List

Share markets continued to recover in March. The ASX200 rose by 4.1%, to 5082.8, its first monthly increase this year. This still left it down by 4% in the March quarter, the worst start to a calendar year since 2008. But the index is still up by 6.7% from where it was on 12 February, […]

Read more

Last Minute Asset Protection: Not So Super

Last Minute Asset Protection: Not So Super Even when you operate your business through a company, you can, as a director, be personally liable for claims arising out of the company’s activities. The corporate shield has long been split asunder both by judge-made law and a myriad of statutes. So, apart from taking out insurance […]

Read more

ATO Data Matching & Setting Sights on Airbnb

The Australian Taxation Office (ATO) has partnered with a range of external sources to create a series of data matching protocols that help to ensure people and businesses comply with their tax and superannuation obligations. Data matching involves the collection of data from various sources such as banks, employers, health funds, superannuation funds etc. and […]

Read more

top