by Affinity | Mar 25, 2014 | Business eNews
The ATO has identified that employers in the following industries have a higher risk of not meeting their super obligations: Hairdressing and beauty; Clothing retailing; and Management advice and consulting. The ATO is currently running an education campaign...
by Affinity | Mar 25, 2014 | Business eNews
Introduction 1. A testamentary trust is simply a trust established pursuant to a will. Most testamentary trusts are similar to ‘normal’ discretionary trusts established during the life time of a person, complete with classes of potential beneficiaries,...
by Affinity | Mar 25, 2014 | Business eNews
A deductible gift recipient (DGR) is an organisation that is entitled to receive income tax deductible gifts (donations). DGRs are either: Endorsed by the ATO; or Listed by name in the tax law. There are two types of DGR endorsement: An organisation is...
by Affinity | Feb 26, 2014 | Business eNews
Two recent court cases dealing with Self-Managed Superannuations Funds (SMSFs) have highlighted the impotance of making, and recognising, Binding Death Benefit Nominations (BDBNs). A member of a Superannuation Fund may generally make a ‘BDBN’ which,...
by Affinity | Feb 26, 2014 | Business eNews
You should be wary of SMS and emails claiming to be from the ATO. We have developed some simple tips to avoid identity fraud. Tip 1: How to recognise scam SMS and emails Hoax SMS and emails can look very convincing. To protect yourself from scams and fraud,...
