Newsletters

Stay up to date with all your accounting needs with our monthly newsletter.

 

Signup to our monthly HS+ Accountants & Advisory E-Newsletter and keep up to date with good solid advice and the latest news from the ATO.

 

 

NEWSLETTER ARCHIVE

March 2020 issue

If you own certain high-end assets, it may be prudent to make sure your tax affairs are in order. The ATO has asked dozens of insurance companies for policy details over certain asset values to check up on these taxpayers’ tax obligations.

We also look at the realities of accessing some of your retirement savings early, and examine the sorts of expenses you can claim when an investment property is damaged or destroyed. There is also a new obligation regarding CGT when selling taxable property, and we also have a warning about staying safe online.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

March 2020 issue

February 2020 issue

The bushfire season has highlighted the very central importance that volunteers play in Australia, but along with these essential roles there can also be tax outcomes to consider.

We also sketch out the essentials to know about the First Home Super Saver scheme, succession planning for family businesses, and the possible tax offsets available in the superannuation arena. Discretional trust distributions are also briefly explained.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

February 2020 issue

December 2019 issue

Sometimes small business owners pass up the at-times lucrative small business CGT concessions simply through not knowing that they are eligible to claim them. Answering a few basic questions can clear this up.

We explain how the “personal property security register” can help manage the risk that comes with owning certain assets. We also take a closer look at the future of e-invoicing, and provide a basic “explainer” for personal services income.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

December 2019 issue

November 2019 Issue

Sometimes, essential tax records are missing or even destroyed. But all is not lost, as there is a “plan B” that can be put into affect, so we run through the options to help your tax outcome.

The investment strategy of any SMSF is not “set-and-forget”, and if not re-visited from time to time, could create problems with the ATO. We look at the essentials. We also touch on how a small business can make an immediate deduction for low cost assets, and with Christmas party plans most likely imminent, we provide you with three wise FBT tips.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

November 2019 Issue

October 2019 issue

Deductible work-related expenses are always tempting to chase down, but to stay out of trouble with the ATO it’s always good to have fact sorted from fiction. We also look at the special CGT rules that apply when spouses have different residences.

There's an exemption from reporting obligations for employers for certain "personal security" fringe benefits, and we spell out what needs to be reported, and what doesn’t, for SMSF event-based reporting.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

October 2019 issue

September 2019 Issue

Property developers often feel the gaze of the ATO on their activities, so we look at what could be getting its attention. Still on residences, we look at some little known facts about the CGT exemption that generally, but not always, applies to inherited homes.

Also dealt with is the tax that children¹s savings accounts attracts, the operating costs available as deductions to SMSFs, and the top 10 tips for rental property owners to avoid common tax mistakes.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

September 2019

August 2019 issue

Heading overseas for that trip of a lifetime? There could be a few simple steps you can take to ensure all is in order tax-wise, both while you¹re away and after you return.

We also look at trust distribution resolutions, whether your backyard projects are considered a business or a hobby by the taxman, and simple measures to be aware of that can reduce the tax you pay on your small business.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

August 2019 issue

July 2019 issue

When a loan is paid out early, it can sometimes trigger a penalty interest charge. There are circumstances where this charge can be tax deductible, but also many instances where this is not the case. A new tax ruling teases out the likely outcomes.

This new income year is the first where an amount of concessional super contributions can be carried forward ‹ but you need to closely follow the limits. SMSFs also must be wary of boosted ATO audit activity on the back of an increase in errors due to event-based reporting.

We also look at which trading structures may best suit your new business, with regard to not only tax outcomes but funding, remuneration and liability.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

July 2019 issue