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DOWNSIZE YOUR HOME, UPSIZE YOUR SUPER

Australians aged 65 years and over might want to downsize to a smaller living space and this has its benefits thanks to a new law passed by the Australian government.
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AUDIT INSURANCE – ATO Increasing Audit Activity in the Areas of Income Tax and Super

It might seem that it is only the large corporations that are targeted by the ATO for random audits, but a large proportion of the ‘tax gap’ comes from small and medium businesses, as well as from individual taxpayers.
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THE IMPORTANCE OF WITHDRAWING YOUR MINIMUM PENSION

The ATO requires super funds to adhere to strict rules of paying the minimum pension to its account holders.
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TAX PLANNING

Tax planning is a legitimate discipline undertaken by companies. This is not a tax avoidance undertaking to deliberately exploit the tax system, but rather to minimise, within the legal limits, taxes paid.
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TRUST DISTRIBUTION IN 2018

Your trust’s distributable income is the net income for tax purposes which beneficiaries will be entitled to receive, in accordance with the trust deed, within the financial year. The allocation of your trust’s net income for the current financial year needs to be determined and trust minutes are used to inform the ATO of the allocation.
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CRYPTOCURRENCY

Despite recent news that Bitcoin values are swinging wildly, in a rapidly digital financial landscape, cryptocurrencies are becoming commonplace. A savvy investor will ensure that their company and they are at the forefront of taxation requirements on cryptocurrencies.
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RPA for VEHICLE FLEET MANAGEMENT

What is RPA and how does it work? RPA is the use of software robots to process high volume and repeatable manual tasks usually performed by people within your organisation.
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FBT

The FBT year in Australia is from 1 April and ending 31 March the following year, so now is the time to ensure that you are up-to-date with the latest FBT developments in the areas of focus for the ATO.
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TSS has replaced 457 Visa Program – What is TSS?

With the purposes of streamlining processing, especially for lower-risk applicants, and of reinforcing the integrity of Australia’s skilled migration program, the Australian Government’s new Temporary Skill Shortage (TSS) visa program introduced on 1 March 2018 will support the business community to fill its skilled labour shortages.
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SMSF - $1.6 MILLION TRANSFER BALANCE CAP

In recent years the Australian Government has made significant changes to Australia’s superannuation rules and regulations making it vital that SMSFs and individuals remain alert and updated to avoid potential taxation breaches when managing their accounts. The transfer balance cap is a recent change that may affect you right now.
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