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IN THIS ISSUE Should business push a social agenda? We look at businesses involved in social debates either proactively or by default. Plus, ASIC's crackdown on growing companies, what happens when you stuff up your SG calcs, and we provide you with a practical run down on paying director's fees. But there is much more to discover:
Upcoming event: R&D NetworkingTuesday, 31st October - 4.00pm to 7.00pmGuest speaker:
Charlie Gunningham, Founder - Damburst
Former Chief Executive - Business News Case study presentation:
Mike Alford, Director - Liontrack
Charlie Gunningham
Founder & Director - Damburst
An increasing number of business owners are realising the necessity of valuing their businesses regardless of their size. This guide helps you understand what both terms mean and the different times to apply either
valuation. READ ARTICLE >
Calling all Women
Do you know what you need to know about money?Worried about running out of money in old age? We talk to retirement expert and women’s advocate Nicolette Rubinsztein about what women can do now to help their long term financial security.
The Tax Commissioner’s Hit ListEvery so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focussed. Last month in a speech to the National Press Club, Tax Commissioner Chris Jordan did exactly that. Part of the reason for this public outing is the gap between the amount of tax the ATO collects and the amount they think should be collected – a gap of well over 6% according to the Commissioner.
Should Business Push A
Social Agenda?
For years we’ve been told that consumers prefer businesses that take a stand on social issues – those that are environmentally and socially friendly. But is that always the case?
ASIC Targets Growing Companies In Audit Crackdown
ASIC is in the midst of a concerted campaign targeting private companies that have outgrown the reporting exemptions.
Super Guarantee – What Happens When You Get It WrongThe ATO receives around 20,000 reports each year from people who believe their employer has either not paid or underpaid compulsory superannuation guarantee (SG). In 2015-16 the ATO investigated 21,000 cases raising $670 million in SG and penalties.
Director’s fees:
What and How To Pay Them
The issue of Director’s fees often comes up – should we pay directors, how to pay, and if we do pay fees how should they be paid? We answer the common questions for private companies.
What everyone selling a property valued at $750k or should know
Every vendor selling a property needs to prove that they are a resident of Australia for tax purposes unless they are happy for the purchaser to withhold a 12.5% withholding tax. From 1 July 2017, every individual selling a property with a sale value of $750,000 or more is affected.
Understanding the Medicare Levy
Ever wondered why your EOFY tax bill was higher than you expected? It could be because of the Medicare Levy. So what does the levy pay for – and how is it calculated?
Main residence exemption removed for non-residentsThe Federal Budget announced that non-residents will no longer be able to access the main residence exemption for Capital Gains Tax (CGT) purposes from 9 May 2017 (Budget night). Now that the draft legislation has been released, more details are available about how this exclusion will work.
Super Concessions For First Home Savers And Downsizers
Does superannuation offer an avenue to help downsizers and first home savers? The Government seems to think so.
We explore what’s on offer and the implications.
Managing the cost of childcare and assistance your family is eligible forTo make child care more affordable, the federal government offers parents two forms of financial assistance. Here’s what you should know about these benefits – and how they’re about to change.
GST on imports: new rules for goods under $1,000In July, Parliament passed legislation that will see GST applied to all consumer imports regardless of their value. Currently, imports below $1,000 are excluded from GST. Find out how this may affect you and your business.
Free Tax App from
ROCG Accountants and Business Advisors
The great news is that this App can be downloaded free onto your iPhone, iPad or Android phones. It’s packed full of some really useful Tax Tables, Calculators, and important dates, all of which you will be able to access for free, anywhere you have an internet connection on your device. - Never lose a receipt again
- Keep track of journeys using GPS logbook (iOS)
- Keep in touch via 'Push Notifications'
The ROCG App gives you fantastic content and it makes it really easy to keep in touch. It has a simple ‘arrange to meet’ page, along with all our contact information as well as links to our social media pages.
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