by Affinity | Nov 26, 2014 | Business eNews
The following relates to a newspaper article that appeared recently in a national newspaper and was then subsequently picked up by national TV and radio. As it concerns a taxpayer withdrawing all of her $30,000 balance from her superannuation fund for weight loss, a...
by Affinity | Jul 4, 2014 | Business eNews
Article by Brad Little, vice president and managing director, NETGEAR ANZ Accounting for 96 per cent of local businesses, SMBs are an important aspect of the Australian economy. With numbers increasing as more budding entrepreneurs follow their dreams,...
by Affinity | Jul 4, 2014 | Business eNews
If you haven’t met your super obligations as an employer, you have to lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) and pay a superannuation guarantee charge to the Australian Taxation Office. Additionally, your business might lose the tax...
by Affinity | Jun 16, 2014 | Business eNews
The ‘gift and loan back’ approach involves the owner of an asset gifting their equity in the property to a family trust (or low risk spouse). The family trust then lends an amount of money to the owner and takes a secured mortgage over the property. How does...
by Affinity | May 30, 2014 | Business eNews, Latest News
With the end of the financial year fast approaching, we look at some common tips and strategies for businesses looking to reduce their taxable income and tax bill by 30 June 2014. Small businesses Tax planning strategies differ if your business is considered a small...
by Affinity | May 1, 2014 | Business eNews
Self Managed Superannuation Funds (SMSFs) play a major role in Australia’s super system. As an SMSF Trustee, there will be changes to your SMSF obligations that you need to prepare for. The changes aim to increase community confidence and improve the integrity,...
