The Australian Taxation Office (ATO) recently released superannuation rate and threshold updates for the 2018/2019 financial year. Let’s discuss the key super rates and thresholds that are applicable to contributions and benefits, Super Guarantee (SG), and co-contributions. Concessional …
ReadJust like a Certified Practicing Accountant (CPA), a Chartered Accountant (CA) is a credential that you earn through defined study and by passing an examination. A chartered accountant has specific skills and understanding that make them a great …
ReadAccording to former Reserve Bank Governor, Bernie Fraser, there is “logic” to a controversial proposal to create an official shortlist of the top Australian super funds which would help weed out non-productive funds and improve returns for some …
ReadAccording to abc.net.au, the last time Sydney real estate prices fell by this much, home mortgage rates were at around 17%, unemployment was 6%, and Australia was heading into a recession. What a contrast to the current real …
ReadAccording to data analysis done by SuperConcepts, the Australian Labor Party’s (ALP) proposal to remove franking credit refunds will hit lower-income retirees hardest. A 20-year projection of different income levels confirmed that retirees with an account-based pension receiving …
ReadThe federal government has plans for an interim tax that would assess overseas digital companies in the country in which they make billions in profit, but pay very little tax. Internet giants such as Google, Facebook, Uber, and …
ReadAccording to the Parliamentary Budget Office (PBO), six million Australians who currently earn between $23,000 and $64,000 a year will be pushed into higher tax brackets by 2027. So someone who earns $66,000 a year would be paying …
ReadThe Australian Prudential Regulation Authority (APRA) tightening regulations on investor lending doesn’t necessarily mean bad news for property investors. It ensures banks and other lending institutions become more responsible about who they loan funds to. Need tips on …
ReadNow that the first phase of the largest income tax cuts in Australian history is in place, what immediate effect will it have on you and in the years to come? Here’s an overview of what the tax …
ReadStarting 1st of July 2018, plenty of SMSFs have a new reporting obligation apart from their annual return. ATO has introduced a new SMSF reporting requirement to complement the Transfer Balance Cap and Event-based Reporting Framework. To know …
ReadLocation is important when choosing an investment property that can potentially outperform in the long term. How can you find a good location and what makes some better than others? Affordability and proximity to infrastructure used to be …
ReadWe, Chan & Naylor Business Accountants in Sydney, are now advising our clients involved in the cleaning and courier industries to prepare for their obligations for the proposed Taxable Payments Annual Reporting or TPAR. The Treasury Laws Amendment …
ReadShould wealthy and sophisticated property investors be excluded from negative gearing tax deductions while people in the bottom 50% of incomes be allowed to claim 100%? Yes, according to a new proposal seeking to change negative gearing. Under …
ReadWhen you invest in properties, you should understand the best strategies for your financial goals, research the market and find the right properties that can implement these strategies. Be careful not to ignore your budget or go against …
ReadMore Australians are taking control of their superannuation because of the highly volatile world share market and uncertain future. People would rather control their assets directly and avoid unnecessary costs. In the past decade, borrowing in super has …
ReadAs a new property investor, you should plan how to start powerfully so you can be strong enough to continuously grow your investment portfolio. First, you should know the specific reason why you want to invest in property …
ReadMelbourne appears to be the current favourite spot of the Chinese. Chinese buyers have been waning interest in other capitals but Melbourne is becoming the new focal point as Chinese buyers go to great lengths to get into …
ReadThe most inexpensive 10% of houses in Sydney were valued at more than $600,000 each last June. This means that even the cheapest houses in the greater Sydney metro area, including Penrith and the eastern suburbs, are still …
ReadThe end of financial year is fast approaching and this is a significant time for North Sydney small businesses to stay updated and compliant with the workplace relations changes that will come into effect starting 1 July. The …
ReadMore property investors in Australia are using advanced strategies to fast-track their wealth creation. One of these strategies is small property development, which comes with potential financial rewards that may even be better than traditional property investment. However, …
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