Newsletters

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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

June 2020 Issue

The COVID-19 period in everyone’s life continues, and as time goes by more issues keep arising regarding certain tax matters. One such issue, which the ATO has realised may be a concern, is the changed rental property market, and the deductions for expenses that are and are not available.

We also consider the issue of passive income and where this figures when qualifying for JobKeeper. There has also been a temporary change made to bankruptcy laws because of the economic fall-out of COVID-19.

Also, as tax time does not simply disappear because of a certain virus, we offer some end-of-financial-year last minute tax tips, a warning on issues stemming from property development undertaken by SMSFs, and how resident or non-resident status affects tax outcomes.

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

June 2020 Issue

May 2020 issue

The dominating factor in all our lives at the moment is of course COVID-19. We look at issues that may change the normal deductions taxpayers can make for working from home, plus examine details of the new JobKeeper scheme that both employers and employees will need to know.

There is also the early release from superannuation option that may help many people get through this difficult period, and the temporary changes to the instant asset write-off rules, as well as accelerated depreciation, that are available now.

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

May 2020 issue

April 2020 issue

The overwhelming issue of the day is of course the coronavirus. The government's stimulus package launched in response to the crisis is welcome. We spell out what this means for different taxpayers, and how the measures will work.

Also in this issue we examine the superannuation guarantee amnesty, an interesting quirk of the FBT rules regarding e-bikes, and the important choice of trustees with an SMSF.

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

April 2020 issue

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