Author Archives for wybenga_admin

State and Federal COVID-19 support — February – 2022

February 11, 2022 12:00 am Published by Comments Off on State and Federal COVID-19 support — February – 2022

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.


ATO reiterates tax system incentives

January 31, 2022 12:00 am Published by Comments Off on ATO reiterates tax system incentives

 

ATO second commissioner Jeremy Hirschhorn has outlined the Tax Office’s commitment to ensuring a business-led recovery continues in the Australian market in the 2022 calendar year.

 


Increase in the number of SMSF members

January 25, 2022 12:00 am Published by Comments Off on Increase in the number of SMSF members

 

On 1 July 2021, the maximum number of allowable members within an SMSF increased from four people to six people.

 


ATO provides further clarity on DIN process

January 19, 2022 12:00 am Published by Comments Off on ATO provides further clarity on DIN process

 

The ATO and the SMSF Association have clarified some of the areas of confusion with respect to the director identification number process and outlined some of the ATO’s longer-term plans.

 


Beware section 99B

January 18, 2022 12:00 am Published by Comments Off on Beware section 99B

 

Imagine this scenario: George, who lives in Melbourne and is aged 23, gets a call from his grandmother in Athens. Grandma says she is going to give him $100,000 for Christmas. George is ecstatic. With profuse thankfulness, George gives Grandma the bank details.

 


State and Federal COVID-19 support — January – 2022

January 17, 2022 12:00 am Published by Comments Off on State and Federal COVID-19 support — January – 2022

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.


Why more Millennials are turning to SMSFs

December 25, 2021 12:00 am Published by Comments Off on Why more Millennials are turning to SMSFs

The growth trajectory of more Millennial SMSFs is set to continue in the years to come, according to the chief executive of Smarter SMSF.


Making the festive season less taxing

December 21, 2021 12:00 am Published by Comments Off on Making the festive season less taxing

As we fly into our second pandemic-impacted festive season, many employers are now, more than ever, looking to bring a little bit of cheer to their employees.