Rede Accountants June 2021 Newsletter The guide covers the measures for: WORK FROM HOME EXPENSES UNDER SCRUTINY & THE PERILS OF BROWSING FACEBOOK AM I TAXED ON AN INSURANCE PAYOUT? Business premises, trading stock and depreciating assets Rental properties QUOTE OF THE MONTH WHAT CHANGES ON 1 JULY 2021? Super guarantee rate increase to 10% […]
The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. It is also a human budget (cynics would say voter focussed), with $17.7 billion dedicated to aged care, more money in the pockets of low-income earners, the […]
Rede Accountants May 2021 Newsletter The guide covers the measures for: THE NEW LIFETIME DIRECTOR IDS Why a director ID? Who will need a director ID? The problem of directors in name only Better monitoring and bigger teeth for ASIC THE TOP 8 REASONS WHY STAFF LEAVE TAX EXEMPTION FOR ‘GRANNY FLAT’ ARRANGEMENTS 2021-22 Federal […]
INDIVIDUAL TAX ASSESSMENTS AND QUARTERLY TAXES If you have a MYGOV account, the ATO are now bypassing the tax agent and uploading your annual tax assessment into your MYGOV account. They then either send you a text or email (depending on your nominated preference). You should not ignore this as there is no paper assessment […]
Rede Accountants April 2021 Newsletter The guide covers the measures for: THE 1 JULY 2021 SUPERANNUATION CHANGES How will the transfer balance cap impact me? You are accumulating super You have started taking your super The amount you can contribute to super will increase The bring forward rule TAX TREATMENT OF JOBKEEPER PAYMENTS HANDED BACK […]
‘Catch up’ contributions were introduced on 1 July 2018, whereby any ‘unused’ contributions in the member’s concessional contributions cap could be caught up and made into their superannuation fund during the following financial years. 2019-2020 was the first time these types of contributions could be made. It is important to note this is not a […]
If your answer is yes, then consider changing to a corporate trustee by the end of this financial year. WHY CHANGE TO A CORPORATE TRUSTEE? There are several key reasons why a corporate trustee is a more efficient, cost-effective and administratively easier option for your family’s SMSF and estate plan: DEATH/INCAPACITY OF AN INDIVIDUAL TRUSTEE When […]
Rede Accountants March (Part-2) 2021 Newsletter The guide covers the measures for: WHY ARE SOME BUSINESSES RETURNING JOBKEEPER? COVID-19 VACCINATIONS AND THE WORKPLACE Can an employer require an employee to be vaccinated? Can an employer require evidence of vaccination? Can we require customers to be vaccinated? FBT 2021: TAX & EMPLOYEE BENEFITS What is exempt […]
Rede Accountants March (Part-1) 2021 Newsletter The guide covers the measures for: HOW TO SELL YOUR BUSINESS THE FINAL STAGE OF JOBKEEPER AND HOW TO ACCESS IT My business did not previously qualify for JobKeeper. Can I access it now? We have been in JobKeeper previously. Do my employees need to complete a new nomination […]
On 15 October 2020, the Australian Taxation Office (ATO) released Practice Statement Law Administration PSLA 2020/3 to guide its staff on how to apply administrative penalties imposed on Self Managed Superannuation Fund (SMSF) trustees under subsection 166(1) of the Superannuation Industry (Supervision) Act 1993 (SIS Act). While the guideline is for ATO staff, SMSF trustees […]
COL WILSON B.COM, FCPA, REG'D TAX AGENT
KEN LUDEKE FCPA, FCA, REG'D TAX AGENT
Annette Pleavin B.BUS, CPARede Accountants is a CPA Business
Suite 1004, Level 10 "The Rocket" 203 Robina Town Centre Drive Robina QLD 4226
Tel: 1300 399 599
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