The following table outlines the GST concessions available to charities (with registered tax concessions), deductible gift recipients and government schools:
Read MoreThe accounting treatment of government funding is largely dependent on the conditions stipulated by each funding provider. A common example is the requirement to acquit all funding in full at the end of each year, with any unspent amounts to be repaid or withheld from the next year’s allocation.
Read MoreThe ACNC has announced its intention to revoke the registrations of approximately 200 more charities who have now defaulted on the lodgement of their 2013 and 2014 Annual information Statements (AIS).
Read MoreWhether you're on a beach, in a desert, atop a mountain, at a restaurant, overseas, under a tree, or by a river there’s always time to work on your budgets.
Read MoreFrom the whole team at Bush & Campbell, we wish you a Merry Christmas and successful 2016.
Read MoreSome employers, who are commendably anxious to protect their employees and clients from the drink/driving laws, also pay for taxis to take employees to and from the place of entertainment.
Read MoreEnsuring clients make the most of the contribution caps is one of the most important parts of tax planning, so what mistakes prevent clients from claiming deductions for personal superannuation contributions?
Read MoreThe Christmas break-up party and/or gifts to employees can be exempt from Fringe Benefits if a few rules are followed.
Read MoreSMSFs holding collectables need to ensure they are compliant under the incoming regulations applicable from 1 July 2016.
Read MoreIt was big news when the Australian Taxation Office (ATO) was granted the right to unilaterally impose monetary penalties for certain contraventions of superannuation laws.
Read MoreA fundamental requirement is that superannuation funds meet a sole purpose test – the provision of retirement benefits. If it appears that there is a different purpose, the fund can become non-complying.
Read MoreThe tax office has issued a warning to taxpayers and their advisers against misusing partnerships with private company partners to avoid tax.
Read MoreBudgeting, cash flow and Super are all very important to better financial management and the attainment of long-term goal.
Read More“Is your mother proud of you”?
Read MoreSMSF trustees with certain dividend stripping arrangements in place can unwind the arrangement with reduced regulatory follow-up.
Read MoreMany taxpayers will owe tax in July 2016, instead of receive a refund.
Read MoreSuperStream is the Government’s prescription for making super contributions electronically in a standard format, with linked data and payments. This applies to all employers making super contributions.
Read MoreDespite the persistent warnings, there continues to be a range of difficulties associated with binding death benefit nominations (BDBNs) so it’s important SMSF practitioners and their clients are aware of the common traps.
Read MoreThe SMSF Association (SMSFA) has warned that SMSF trustees are becoming involved with illegal and risky limited recourse borrowing arrangements (LRBAs) involving the use of in-specie contributions.
Read MoreInvestors will need to provide the bank with 31 days notice if you access the funds in your term deposit before the maturity date.
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