Blog Archives

Rede, Rede Accountants

“Temporary” Apartment Qualifies as Permanent Place of Abode

“Temporary” Apartment Qualifies as Permanent Place of Abode This article originally appeared on Accountants Daily on the 16th of September. The High Court has refused the Commissioner of Taxation’s application for special leave to appeal against the decision of the Full Federal Court’s decision in Harding v Commissioner of Taxation. Big four firm PwC, who acted […]

Government Floats Changes to Downsizer Contributions

  Government Floats Changes to Downsizer Contributions Sarah Kendell This post originally appeared on accountsdaily and has been republished with their permission. The government has floated a number of imminent changes to eligibility for downsizer contribution rules, including clarifying who can contribute the proceeds of pre-CGT properties and how contributions from jointly owned properties are […]

October 2019 Newsletter

Rede Accountants October 2019 Newsletter This month’s edition of our newsletter includes: Super Guarantee Amnesty Resurrected When does the amnesty apply? Qualifying for the amnesty What do employers pay under the amnesty? Where to from here? Towards Zero Interest Rates (And What It Means To You) Australia and world volatility The real impact of low interest […]

Guidelines on Director GST Liability Expansion Released

Guidelines on Director GST Liability Expansion Released Jotham Lian This post originally appeared on accountsdaily and has been republished with their permission. The ATO will only make estimates of outstanding GST, WET and LCT liabilities where taxpayers are suspected of phoenix behaviour or dissipating assets, according to new draft guidelines. The Tax Office has released […]

home insurance, void your home insurance

Common Mistakes That May Void Your Home and Contents Insurance Claim

Having a break-in or theft at your home is traumatic enough without the added stress of your home and contents insurance provider rejecting your claim. Consumers are risking voiding their home and content insurance by making some common mistakes.  A recent survey of 3300 Australians found that more than 20% of Australians chose to hide […]

Super Guarantee Opt-Out Coming for Certain Individuals

Super Guarantee Opt-Out Coming for Certain Individuals Like the SMSF penalties here, this event also passed through both houses of parliament and awaits royal assent. Certain high income earning individuals will be eligible to get an employer to not make super guarantee payments on their behalf in the future. The intention of the new law […]

More High-Risk Industries Could Fall Under TPAR Regime

More High-Risk Industries Could Fall Under TPAR Regime Jotham Lian This post originally appeared on accountsdaily and has been republished with their permission. Emerging high-risk industries could yet be added to the taxable payments reporting system regime, says the Tax Office. Taxable payments annual reports (TPAR) currently apply to businesses providing building and construction services, […]

Financial Planner

Finding a Good Financial Planner

Finding a Good Financial Planner Financial planners are doing it tough as their value is being questioned more than ever. Nonetheless, they are not all the same and it’s important to find a good financial planner. Good Signs An advisor is upfront about costs No pressure to do anything you’re unsure about Takes time to […]

Private Health Insurance

Do You Need Private Health Insurance Cover?

Do You Need Private Health Insurance Cover? The rising cost of private health insurance is causing many people to drop their cover and place their reliance on the public system. Appropriately on April 1 each year the premiums are adjusted, and whilst this year’s increase was only 3.25% many can no longer afford it. Hospital […]

Personal Property Securities Register

Personal Property Securities Register

Personal Property Securities Register The Personal Property Securities Act (PPSA Act) and Personal Property Securities Register (PPSR) are all about the registration of your assets (the secured party) to protect against the possibility of the debtor (the grantor) falling into hard times, business failure and hence insolvency. Registration of your interest can insure against losing […]