Jun 07, 2023 / News

When is a worker an employee?

Although not part of the Budget, it is worth noting a recent case on the extended definition of “employee” in the super guarantee legislation. Read more

Superannuation Newsletter Edition 17

Jun 07, 2023 / News

The continuing saga of non-arm’s length expenses in super funds

The Budget included a disappointing announcement in relation to the long-running debate over the treatment of non-arm’s length expenses in super funds. Read more

Superannuation Newsletter Edition 17

Jun 07, 2023 / News

Superannuation to be paid at the same time as salary and wages from 1 July 2026

Currently, compulsory superannuation contributions must be paid by employers by the 28th day after the end of the quarter in which an employee is paid salary or wages. In a statement released on 2 May, the Federal Treasurer Dr Jim Chalmers announced that from 1 July 2026, compulsory superannuation contributions will have to be paid at the same time as the related salary and wages. The delay to 1 July 2026 is to allow employers, superannuation funds, payroll providers and other parts of the superannuation system with sufficient time to prepare for the change. Read more

Jun 07, 2023 / News

Additional tax on super balances over $3 million

The Budget confirms the Federal Government’s intention to introduce an additional 15% tax on a proportion of the super “earnings” of a member where the member’s total super balance is greater than $3m at the end of a financial year. Read more

Superannuation / Superannuation Newsletter Edition 17

Jun 07, 2023 / News

Federal Budget Announcements 2023

The Federal Treasurer, Dr Jim Chalmers, brought down the 2023-24 Federal Budget on 9 May. In this issue we look at three announcements which directly affect our superannuation clients. Read more

Federal Budget / Superannuation

Jun 05, 2023 / News

Last chance for wine businesses to claim temporary full expensing - and what’s next?

Temporary full expensing (“TFE”) ceases to apply on 30 June 2023. The incentives, which were introduced as an economic stimulus during the COVID-19 pandemic, provided for the immediate tax deduction of eligible assets for businesses with an aggregated turnover of less than $5 billion. Read more

Business Consulting / Temporary Full Expensing / Wine and Viticulture

Jun 02, 2023 / News

Beyond the Numbers - Edition 5 2023

Welcome to Beyond The Numbers, our monthly newsletter which brings you a summary of the latest developments from local and international standard setters and regulators. Read more

Business Consulting / Financial Reporting

Jun 02, 2023 / News

Ensuring you are in the best possible tax health by 30 June 2023

With 30 June approaching, this article draws your attention to year-end tax planning strategies and compliance issues you need to consider to ensure you are in the best possible tax health. Read more

Business Consulting / Superannuation / Taxation

May 05, 2023 / News

Mastering Cashflow: 5 Key Strategies for Sustainable Business Growth

How do you ensure your company’s chances for survival? More than that, how do you set your business up to thrive? Read more

Business Consulting

Apr 28, 2023 / News

Not-for-Profit Newsletter | Edition 16

Welcome to the newest edition of our Not-for-Profit Newsletter. Read more

Audit and Assurance / Not for Profit