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North Advisory Accountancy Blog
Teachers’ tax deduction guide
Posted July 18, 2016 by North AdvisoryContinuing our series on tax deductions for employees in specific industries, the following are common deductions for teachers.
READ MORENurses, midwives and direct carers – tax deduction guide
Posted July 18, 2016 by North AdvisoryIt’s the start of the new financial year, which means that it’s a good time to review the common tax deductions for employees in specific industries and occupations in order to maximise tax deductions and get into good record-keeping habits at the beginning of the new financial year.
READ MOREGetting your contributions in before 30th June 2016
Posted June 28, 2016 by North AdvisoryIf you’re wanting to make contributions into your SMSF you will need to act quickly to get these in before the 30th June 2016. This is important if you want to make the contributions by EFT as it may take a day for the contributions to hit your SMSF bank account.
READ MORESmall business CGT concessions
Posted June 17, 2016 by North AdvisoryIf you are running a small business, pass the aggregated $2 million turnover test or pass the $6 million net asset value test, you may be entitled to the Small Business CGT Concessions when you sell active business assets.
READ MOREFlaws in the new superannuation proposals
Posted June 17, 2016 by North AdvisoryThe link below provides a good insight as to what professional bodies are doing in regards to the proposed superannuation changes.
READ MORESelling property over $2 million – new rules apply from 1 July 2016
Posted June 15, 2016 by North AdvisoryAs part of the governments focus on strengthening our foreign resident capital gains tax (CGT) regime, new rules will soon apply to sales of Australian real property with a market value of $2 million or more.
READ MOREYour SMSF might be at risk
Posted June 10, 2016 by North AdvisorySMSF trustees should brace for a change in the way their accountant deals with them in regards to their Self Managed Superannuation Fund after the 1st July 2016.
READ MOREASIC issues warning to accountants
Posted June 8, 2016 by North AdvisoryThe accountants exemption expires on the 1st July 2016 and accountants will be breaking the law if they provide advice on SMSF’s without an AFSL.
READ MOREExtension given to comply with the LRBA safe harbour provisions
Posted June 6, 2016 by North AdvisoryThe ATO has announced that the date for making sure LRBA related party loans comply with the new safe…
READ MORECommon ways to purchase property in your SMSF
Posted May 20, 2016 by North AdvisoryThere are a number of ways you can purchase property through your SMSF.
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