ARE YOU ELIGIBLE FOR CONCESSIONS FOR EMPLOYING NEW STAFF?
If you are hiring more staff and increasing your business’s capacity, then you might be interested to know that Mike Baird is giving you a $2,000 grant per new full-time equivalent position. This will be effective from 1 July 2015.
Read our full article to see if you qualify.
THE ATO IS CHASING OUTSTANDING DEBTS
The Australian Tax Office (ATO) is currently owed approximately $20 billion – that is “billion” with a “B”. During the Global Financial Crisis the ATO was quite lenient on outstanding tax debts?
But now the ATO is increasing its debt recovery actions. Click here to read about what they are doing, and how this could affect you.
SUPER CONTRIBUTIONS – ARE YOU PAYING ENOUGH OR TOO MUCH?
With the new financial year well underway and the 1st quarter super contributions due for payment by 28 October 2015, are you maximising your superannuation cap limits or contributing too much for your staff?
Our article covers contribution caps, some tips and traps, salary sacrificing agreements and how to pay bonuses into super.
WHAT CAPITAL GAINS TAX WILL MY FAMILY PAY ONCE I’M GONE??
Capital Gains Tax (CGT) is not payable as a result of your death, but your beneficiaries pay CGT if it is applicable, when they sell the assets they have inherited.
It is very important that you keep a record of any asset you acquired on or after 20 September 1985, as this will affect your beneficiaries.
Having everything properly documented now, will mean that your beneficiaries are not left with a complicated, messy and potentially expensive task ahead of them.
Click here to read more.
Keep your fears to yourself, but share your courage with others.
Robert Louis Stevenson
SOMETHING’S IN THE WATER
Jodee and Grace will both be heading off on maternity leave early next month.
We wish them both safe, smooth and swift transitions to motherhood.
*Correct as of September 2015
*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.