Budget 2016 – Superannuation

Budget 2016 – Superannuation Last week, in his budget speech, Federal Treasure Scott Morrison put forward a number of proposed changes to superannuation. Here is a brief roundup of what the proposal are. Lifetime cap on non-concessional contributions...

Superannuation for contractors

June 2015 Management Rights News – Superannuation for contractors Recently we had a case whereby two contract workers approached the ATO stating that they believed they should be paid superannuation by our client.  Consequently the ATO instructed a...

Small business – expanding accelerated depreciation

Small business – expanding accelerated depreciation The Government has proposed to expand accelerated depreciation for small businesses with an aggregated annual turnover of less than $2 million. The instant asset write-off threshold increased to $20,000 (up...

10 ESSENTIAL TASKS FOR EOFY

10 ESSENTIAL TASKS FOR EOFY With the end of the financial year fast approaching, it’s time for small business owners to complete bookkeeping, tax returns for 2014-15 and begin planning for 2015-16. Putting the hard work in now can help you get your business...