by Affinity | Aug 9, 2013 | Latest News
Bankruptcy is one of those situations that most people don’t think too much about, unless it affects them directly. The consequences are quite serious, and even after the required time has passed and the bankruptcy ends, a permanent record of the situation remains on...
by Affinity | Jul 25, 2013 | Latest News
Media reports of high profile court cases involving well-known people who have declared bankruptcy have created some urban legends around what is actually a very complex issue. Everyone knows someone who knows someone else who moved their assets from here to there,...
by Affinity | Jul 22, 2013 | Latest News
Clients on full or part government pensions will be pleased to know that the government will reduce pension ‘deeming rates’ to better reflect returns available to them from their financial investments. Deeming rates reflect the standard rates of return that...
by Affinity | Jul 22, 2013 | Latest News
More and more homeowners are installing solar panel systems in their homes. In some cases, the solar panel system may produce more electricity than they consume. If this is the case, the homeowner can often “sell” the excess electricity back to their electricity...
by Affinity | Jul 22, 2013 | Latest News
This financial year, the ATO will be conducting a campaign to make sure employers who have purchased a car during the fringe benefits tax (FBT) year are aware that they may have FBT obligations. An FBT year runs from 1 April until 31 March. Data has been...
by Affinity | Jul 22, 2013 | Latest News
The Australian Taxation Office has advised there will be increased audit activity in the coming year targeting contractor arrangements. The introduction of the new contractor reporting regime, which will apply to the building and construction industry from 1...
