Measures Set To Kick Off On July 1, 2014

Measures set to kick off on July 1, 2014

It is prudent that taxpayers prepare thoroughly for the changes that are certainly going ahead,…

SMSF Trustees Take Note: The New Penalty Regime Is Now In Force

SMSF trustees take note: The new penalty regime is now in force

We reported about the changes to the penalties able to be handed down to self-managed superannuation fund (SMSF)
All You Need To Know About Bitcoin

All you need to know about Bitcoin

Lauded for its convenience and lack of dependence on a central authority as much as it is derided for its unpredictability and the anonymity it grants criminals, global digital phenomenon Bitcoin is spreading to every corner of the world and transforming the very essence of monetary transactions. The question is however,is it safe to use Bitcoin in business transactions and what are the tax implications of doing so? A few things to keep in mind are:
Net Medical Expenses Tax Offset Is Phasing Out

Net medical expenses tax offset is phasing out

Draft legislation was introduced in the 2013 budget to phase out  the net medical expense…

Trusts 101: What Are They, And How Do They Work?

Trusts 101: What are they, and how do they work?

One of the big motivations for considering using a trust will be to protect assets. Property and other assets can be moved into a trust for protection from creditors, to maintain an estate until a beneficiary becomes old
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