by Team Garnet | Oct 8, 2021 | Tax News
The ATO is continuing to run the medium and emerging private groups program, if you and your associates have “wealth” over $5m you could be targeted. The ATO runs many compliance programs targeting privately owned and wealthy groups, while the majority of the...
by Team Garnet | Sep 30, 2021 | Business Structures, Small Business, Superannuation
There’ll soon be an extra step for employers that hire new employees in relation to the recent stapled super fund changes. Employers beware, from 1 November 2021, if you’re hiring new employees, there may be an extra step involved in determining which super fund...
by Team Garnet | Jun 2, 2021 | Assistance, Tax News
Can I be released from my tax debts when facing financial difficulty? As the economy adjusts to the removal of most government COVID support measures, coupled with the slow rollout of national vaccination and mostly closed international borders, there is no doubt that...
by Team Garnet | Mar 10, 2021 | Business Structures, Small Business, Tax News
Tax planning or tax avoidance? Do you know the difference? While tax planning is a legitimate and legal way to arrange your financial affairs to keep your tax to a minimum provided you make the arrangements within the intent of the law. Any tax minimisation schemes...
by Team Garnet | Feb 24, 2021 | Superannuation, Tax News
From 1 July 2021, the general pension transfer balance cap will increase from $1.6m to $1.7m due to indexation. “Indexation is a technique to adjust income payments by means of a price index, in order to maintain the purchasing power of the public after...
