AFS Tax update

Tax Update – February 2016

Single Touch Payroll pilot and tax offset proposed

mouse clickThe Government is looking to cut red tape for employers by simplifying tax and superannuation reporting obligations through its initiative called Single Touch Payroll (STP). Read more

Client Update – December 2015

Dec2016 newsletter image

Click here to read our latest update

Making a difference in the long run

The cover story features our recent Corporate Cup win with 125 entrants in the 2015 Bendigo Bank fun run. We’re proud to part of this fantastic event, supporting rehabilitation services at Bendigo Health this year.

Laptop and tablets2016 Small Business Support

We are also preparing for a series of small business workshops in 2016 and we would appreciate your input via this quick survey.

 

Also in this issue:

  • Unbundling phone and internet expense claims for work purposes
  • Australian Tax Office ‘certainty’ letters
  • SMSF borrowing ban recommendation
  • Proposed fringe benefit tax (FBT) changes  – Car expenses and FBT concessions on entertainment
  • Unsolicited ATO phone calls  – look out for friends, neighbours and those more vulnerable in the community
  • Giving Cash for Christmas – Tax implications on the gift of cash from Venture Financial Advisers

We hope you find this issue informative, should you wish to investigate any of these matters, we encourage you to contact our office.

AFS Tax update

Tax Update – December 2015

CGT roll-over for small business restructures

The Government has released draft legislation that proposes to provide roll-over relief for small businesses that change their legal structure. Read more

AFS Bendigo collectables

SMSFs and Collectables

The Australian Taxation Office has recently confirmed its view with regard to self managed superannuation funds (SMSFs) that invest in collectables and the stringent rules that must be complied with from 1 July 2016. Read more

Know that you're making the best financial decisions

The pros and cons of SMSFs

Self-managed super funds (SMSFs) are the fastest growing segment of the super industry1. But this doesn’t necessarily mean they’re the best choice for everyone.

Read more

AFS Tax update

Tax Update – October 2015

Payroll tax grouping – know the rules

For payroll tax purposes, businesses may be grouped with other businesses if there is a link between the companies. Businesses may be deemed linked in several ways; one of the most common ways is where two or more businesses are controlled by the same person or persons.  Read more

AFS Tax update

Tax Update – September 2015

Small business tax discount on the way

In a surprise – but welcome – move in the 2015 Federal Budget, the Government announced a small business tax discount. Read more

Introducing Venture...

Introducing you to Venture Financial Advisers

Our financial planning partners have recently changed their name to Venture Financial Advisers and their licence to advise is now under Godfrey Pembroke Limited (GPL) instead of Genesys Wealth Advisers. These changes will not have any affect on the advice and service that you receive from the team, and they look forward to continuing to assist you to build and protect your wealth. Read more

AFS Tax update

Tax Update – August 2015

Work-related and rental property claims on ATO’s watch list

Tax time is in full swing and the Australian Tax Office (ATO) has highlighted areas of concern for individuals ahead of tax return lodgement time. High on the watch list is work-related expense claims that are significantly higher than expected. Read more

Are your superannuation savings goals on track?

Superannuation should never be a ‘set and forget’ strategy.

The start of a new year is a good time to review your circumstances, and perhaps set some new goals to help boost retirement savings. Read more