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WHAT ARE EMPLOYER OBLIGATIONS TO EMPLOYEES OR CONTRACTORS? Often we see employers who don’t issue their employees PAYG Payment summaries within the required time, lodge and pay their employees superannuation in time as well as other reportable employee and contractor obligations.  So what are employer obligations to employees or contractors? If you hire employees and/orRead more

Australian Resident After spending several weeks of hard work and endless phone calls, getting a retirement annuity transferred from South Africa to Australia, I again realised why one of the very first questions you are asked on your tax return is: “Are you an Australian resident?” It may seem like an unnecessary question, but theRead more

So often it is the case that the ‘top end of town’ is furthest from ‘the coal face’. I’ve recently read a great example of exactly this point. To give you some context to the situation, a Melbourne mid-tier firm, GMK Partners, has recently merged with Big 4 accounting firm Deloitte, further reducing competition inRead more

The 2015 financial year will be the last year in which “Fly-In-Fly-Out” or “Drive-In-Drive-Out” employees can claim the Zone Tax Offset if changes proposed by the federal government are adopted.  This means there will be no more zone tax offset for FIFO workers! Under the current law, taxpayers are entitled to claim the offset ifRead more

THE $20,000 INSTANT ASSET WRITE OFF This shouldn’t be news to any Small Business owners, considering the rush of advertisements that have bombarded our television screens, radios, and billboards in the last few months, as well as Joe Bloggs telling you how great it is – Assets costing less than $20,000 can be immediately deductedRead more

Starting your small business – Starting a business is a big decision, and needs careful research and planning well before you start trading. Starting your small business – you need to decide what type of business you’re going to be operating and then design a structure to suit that business type. How do I get started?Read more

MAKING THE MOST OF YOUR OPPORTUNITY PIPELINE My role as an audit partner means I have a duty to make an assessment of the going concern position of most my clients. This necessarily involves a peek at their cashflow forecast. It is possible that I have seen more of other people’s forecasts than 99% ofRead more

BUSINESS OPPORTUNITIES With the resources boom slowly coming to an end in the last 12 months, and jobs being retrenched and hiring almost completely ceasing, the two speed economy which gripped Perth for so long may come under control with a shift away from resources. As a result an area which is set to reallyRead more

It’s a man’s world but it doesn’t need to be – Some simple facts of life are that women have a harder time accumulating superannuation because there are challenges that arise for women that men will never have to face. Time off work having children and generally lower remuneration are issues that don’t seem asRead more

The world has changed so dramatically in the last 20 years that at times it can be difficult to keep up. The internet has changed the way that people socialise, communicate and do business. We have well and truly entered a “globalized” age where there are no more boundaries between countries and people. You canRead more