It is not easy running a new business. There are all sorts of legal requirements to understand. In addition, a new employer must know their responsibilities with regards to wages, benefits, and superannuation, which is one of the major payments to employees. New business owners may find it overwhelming trying to understand superannuation. In reality, […]
Read ahead to find out what tax depreciation you can claim and cannot claim, and who ask for the right advice. Depreciation Deductions for Investors Two types of depreciation deductions apply to property investors. They are: Division 43 capital works deduction Division 40 plant and equipment depreciation Division 43 capital works deduction covers the structural […]
Business owners cannot overemphasise the value of the cash flow metric in their companies. Certified Public Accountants (CPA) notice that many employers take pride in their company’s profits. However, this is not evident in the state of their cash flow. Cash flow and profits vary significantly. While the two metrics are important to the well-being […]
The Australian Taxation Office (ATO), true to its mandate, continues to issue policies and guidelines for a fairer and more efficient and administration of Australia’s federal taxation and superannuation system. Our PJS Accountants November 2015 Newsletter discusses the latest ATO tax laws and policies that are of interest to individual taxpayers, small business owners, and […]
A legislation to amend the treatment of surplus non-concessional superannuation contributions has recently been passed by the Government. Under the new measures, the double taxation on after tax contributions put into superannuation over the maximum limit (presently at $180,000 annually) has been removed. This affects any surplus non-concessional contributions made beginning 1 July 2013. The […]
Real residential property makes up 3.5% of the value of all assets maintained in SMSF’s according to the latest SMSF figures from the Australian Taxation Office (ATO). This has been the level of investment since 2009, with a high proportion of properties valued between $200,000 and $1 million. Commercial property represents about 12% of SMSF […]
It is essential to have a vision for your business. Your team can use this as a guide so they know what they are a part of and what direction they are going. The team’s goals and duties/ responsibilities will align to this so that all members are going in the same direction with a […]
Case study: You could be an investment property owner too for $35 per week Becoming an owner of an investment property can be within easy reach, especially when prospective investors claim all tax deductions they are entitled to. To find out how claiming all these deductions can help an investor acquire a property, let us […]
PJS Accountants
Level 1, “The Hub”
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Capalaba, QLD 4157 Australia
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