by Mark Cusack | Jan 31, 2024 | eNews
Just because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns. Where there is a written contract, the rights and obligations of the...
by Mark Cusack | Jun 8, 2023 | eNews
Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year, assuming your super balance has not reached its limit. Suppose the contributions made by your employer or under a salary sacrifice agreement have not reached this...
by Mark Cusack | Jun 8, 2023 | eNews
Bring forward the purchase of assets If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to use the temporary full expensing rules. These rules enable businesses with an aggregated turnover of up to $5bn to fully deduct...
by Mark Cusack | Jun 8, 2023 | eNews
It’s that time of year when we all look at what last-minute things we can do to maximise tax savings. In the wise words of the late Kerry Packer to a Senate estimates committee, “Of course, I am minimising my tax. And if anybody in this country...
by Mark Cusack | Mar 2, 2023 | eNews
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to Superannuation ahead of the 2023-24 Federal Budget. What is the purpose of Superannuation? At first glance, the consultation released by Treasury in February...
