by Team Garnet | Jul 29, 2021 | Superannuation
Employers with manual payroll processes beware, the rate of super guarantee has increased to 10%, make sure you’re not underpaying super and avoid penalties. With the advent of a new financial year, there is an important change from 1 July 2021 that employers should...
by Team Garnet | Jul 23, 2021 | Tax News
Have you made a donation through workplace giving or a salary sacrifice arrangement? What you can deduct on your tax return may differ. With tax time well and truly upon us, many of us will be looking at what deductions we can claim in this year’s tax return. If...
by Team Garnet | Jul 7, 2021 | Small Business, Tax News
The ATO crackdown on individual taxpayers continues with another data-matching program on novated leases. Following on from the revelation that the bulk of tax collected by the ATO comes from individual taxpayers, it comes as no surprise that the ATO is continuing to...
by Team Garnet | Jul 2, 2021 | Investments, Superannuation
Contrary to popular belief, your Self Managed Super Fund can actually invest in collectables such as artworks, jewellery and wine as well as personal use assets such as boats, classic cars or other vehicles. However, investment in these assets must meet very strict...
by Team Garnet | Jun 23, 2021 | Business Structures, Small Business, Tax News
Get ready, tax time 2021 is fast approaching, the ATO noted it will be focusing on work-related expenses such as car and travel expenses. While the ATO annual statistics releases are usually quite dry and technical, it does give a nice insight into why the ATO does...
