Navigating the Super Guarantee Charge: A Comprehensive Guide for Employers
Navigating the Super Guarantee Charge: A Comprehensive Guide for Employers. Understanding and fulfilling your obligations related to the employee's super guarantee is vital as an employer. To avoid any extra fees, such as the administration fee or nominal interest for...
Recent ATO guidelines: Section 100A and Family Trust Distributions
Recent ATO guidelines: Section 100A and Family Trust Distributions. What is Section 100A (S.100A)?Section 100A, also known as S.100A, of the Income Tax Assessment Act 1936 is an anti-avoidance rule in Australian tax law. This pertains to a 'reimbursement agreement' in...
What is a Superannuation Standard Choice Form?
What is a Superannuation Standard Choice Form?. Super Choice, short for Superannuation Standard Choice Form, is used to let employers know their employee's selected superannuation fund. Superannuation funds, often referred to as super funds, are a type of fund that...
Super Due Dates
Super Due Dates. As an employer, you have specific responsibilities to fulfill regarding superannuation contributions for eligible employees, who are essentially those classified as employees under superannuation regulations. One such responsibility is supplying your...
Understanding Stamp Duty (NSW): A comprehensive guide for property buyers
Understanding Stamp Duty (NSW): A comprehensive guide for property buyers. Stamp duty, or transfer duty, is a tax that most purchasers are obligated to pay when acquiring a residential property or vacant land in Australia, including NSW. The NSW government imposes...
Understanding how to withdraw super
Understanding how to withdraw super. What is superannuation?Superannuation, commonly referred to as 'super,' is a long-term investment designed to provide financial stability during your retirement years. It functions by pooling funds into a super account, which is...
Exploring Small Business Grants NSW
Exploring Small Business Grants NSW. A business grant is money given by the government to help small businesses. This financial help from the government aims to help small businesses expand, develop new ideas, or get back on their feet after tough times. This kind of...
Navigating the Shift from Temporary Full Expensing to Instant Asset Write-Off for the 2024 Financial Year
Navigating the Shift from Temporary Full Expensing to Instant Asset Write-Off for the 2024 Financial Year. The impending expiration of the Temporary Full Expensing (TFE) at the close of the 2023 financial year means that businesses will revert to the Instant Asset...
Understanding Capital Gains Tax on Inherited Property in Australia
Understanding Capital Gains Tax on Inherited Property in Australia. If you are an individual beneficiary or a Legal Personal Representative (LPR) who has inherited Australian residential property from a deceased estate, you may be eligible for comprehensive or partial...