For some, spending more for their superannuation in Australia may be the least of their priorities. There are many other things one would prefer to prioritise over their super, such as settling mortgage debt or saving up for …
ReadATO scammers pretending to be the tax office in an attempt to swindle money out of Australian taxpayers have apparently changed their strategies for this year. In 2018, these scammers pretended to be the ATO and threatened taxpayers that they will …
ReadShould Labor win, four new taxes on superannuation contributions would be introduced to raise $19 billion over the next decade. The proposed taxes are expected to hit about one million employees. The tax deductions that support Australia’s $2.7 …
ReadThe Morrison government is giving consideration to allow a federal institution such as the Future Fund to offer low-fee superannuation accounts to the general public to compete against Australia’s underperforming $2.7 trillion self-managed super fund system. According to …
ReadDue to increasing reports of fraudulent activity, the Australian Taxation Office (ATO) will be implementing a mandatory multi-factor authentication for some cloud accounting software users by the end of this year. Software that lodges or contains superannuation and/or …
ReadThe real estate lease vacancy rate in Perth’s suburbs has dropped by almost 50% in the past 15 months. As a result, landlords may be looking at a lucrative 2019 which in turn might get costly for Perth’s …
ReadE-commerce in Australia is boosting the industrial real estate income trust (REIT) as customer demand for warehouses and industrial real estate continue to increase. More and more logistics facilities are being established in major urban centres to provide …
ReadOpportunities currently abound in the property market and you don’t want to be restricted on your borrowing capacity especially this time. However, many investors face this hurdle because of the stricter policies around loans and refinancing. Chan & …
ReadBeware of a sleeper issue regarding an employer’s superannuation guarantee obligations, it has been assumed that employers are unaware of the interest they owe because of missed payments. The ATO has been providing an administrative concession to super …
ReadBased on the timeline and frequency of Australia’s downturn, financial crashes can be pretty common. The country has experienced a recession in the 60s, 70s, 80s, 90s and the 2000s. There has been a downturn every decade and …
ReadThe January 2018 issue of the popular real estate magazine, Your Investment Property, featured industry experts, including Lilian Fisher of Chan & Naylor Perth. The magazine had its annual top 100 suburbs guide and talked about Budget Reno …
ReadGrowth, debt and illiquidity are relevant subjects this year for property investment. People are fixated by growth but the truth is, there are two types of growth. These are: genuine growth and artificial growth. Genuine growth is often …
ReadSome key changes to legislation on tax deductions on rental property investments were passed on 30 November 2017. The effective date is from 1 July 2017 1) Travel expenditure related to residential rental property including Motor Vehicle expenses, …
ReadProperty is reportedly cheaper than it was 10 years ago. It may sound unbelievable because of the recent boom in prices but property is actually more affordable now. When we talk about affordability, there are many other things …
ReadFamily businesses are very rewarding but they also come with miscommunication or tension as circumstances change and the management is turned over to the next generation. Some of the common challenges that can arise are: making financial decisions …
ReadFringe Benefits Tax is the tax employers pay on benefits which they can provide to their employees and their families. It can be part of or in addition to the wage packages of the employee. The benefits a …
ReadMistakes can sometimes be good when you learn something out of them. However, making too many mistakes can still result in failure. It is therefore best to minimise your mistakes to avoid setbacks and keep moving forward. You …
ReadEmployers of working holidaymakers have special tax withholding requirements. If you are one, you should know the new tax rules, especially if you have employed them after 1 January 2017. Starting 1 January, the 15% working holiday makers …
ReadNon-profit organisations who want to withhold a payment from a supplier should complete a pay as you go (PAYG) payment summary where an ABN (Australian business number) is not quoted. This should be given to the supplier as …
ReadHouse prices in capital cities have continued to increase albeit the recent moderation of growth rate. The national median house price has risen by 10.1% compared to the same period in 2016 despite it being the lowest quarterly …
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