LedgerJet

01/01/2020

30/12/2019

In the interests of protecting SMSF members and their retirement savings from fraud and misconduct, the ATO has announced it will send out an email and/or a text message via an SMS when changes (including updates to the SMSF financial details or member information) are made. Click here to read more: http://ow.ly/VgkX30q2e5p

28/12/2019

The ATO has reminded business taxpayers they can no longer claim deductions for certain payments to workers if they have not met their PAYG withholding obligations from 1 July 2019. Click here to read more: http://ow.ly/pyBi30q2e2G

22/12/2019

As an accountant, I see the state of people finances. Some understand how to live life within their means, whilst others try to live a "champagne lifestyle on a beer budget". It is important especially over this period where there are lots of spending temptations to keep a cool hand.

Overspending can take months or even years of repaying.

My challenge this shopping season is to take the "I Hart Cash" challenge. Use cash and not credit which includes the temptation to take now and pay later. The joy of shopping is not so joyous when you are still paying off your purchases plus interest months or even years into the future.

I think it is important to remember, no present recipient would feel good if they knew the gift placed you in a position of debt and stress.

So spend within your means and only spend what you have.

Take the "I Hart Cash" challenge today.

21/12/2019

The Government recently tabled legislation, making its second attempt to deny access to the CGT main residence exemption for individuals who are foreign residents (i.e., non-resident taxpayers for Australian tax purposes). Click here to read more: http://ow.ly/oul130q2e01