Centrelink Income Test and Superannuation Pensions
From 1 January 2015, income stream products – mainly superannuation account – based pensions – are caught under the deeming rules and, therefore, under the Centrelink Income Test. No longer will superannuation pensions attract the Centrelink exempt amount, and as a result, […]
Read MoreDoes Your Business Sell Goods on Credit and/or Lease Goods to Others?
By: Dennis Tomaras Partner Cornwall Stodart Lawyers The Personal Property Securities Act 2009(“the PPSA”) is a Commonwealth Act for the taking, registration and enforcement of security over all kinds of property, except land. This new law impacts most businesses and requires registration to ensure […]
Read MoreIs Your Insurance Policy like SWISS CHEESE?
Many of us do not read the fine print on T’s & C’s, let alone our insurance policies and this is a real danger for many businesses, especially contractors that work on building and construction sites. There are two main […]
Read MoreBeware of 1 July 2014 tax changes
The new financial year means the following tax changes have commenced: Compulsory employer-paid super rises from 9.25% to 9.5%. The Medicare levy rises from 1.5% to 2% Superannuation contribution caps rise from $25,000 to $30,000 for general concession and non-concessional […]
Read MoreFeatured Client – 2ISPC Strategic Consulting Services
2ISPC is an independent provider of consultancy services focused on delivering successful strategies and practical solutions for organisations of all sizes. Director David Ingham has 23 years’ experience working in executive positions for a number of the major banks, a […]
Read MoreWill your partnership thrive?
The #1 reason why most business partnerships fail BY FAR is a breakdown of the relationship between the partners. ****BEWARE THE 2 TRAPS OF PARTNERSHIPS**** 1. The ‘honeymoon’ phase. Too blinded by ‘romance’ and excitement of a new venture to […]
Read MoreInsurance? – Looking at inside vs outside Superannution Policies
Do you know whether or not you hold Insurance policies inside of your Superannuation account? Most clients we come across don’t and are surprised to learn that they have some Life & Salary Continuance cover paid for by their Superannuation […]
Read MoreATO focus on work-related expenses
The ATO has warned taxpayers to ensure that work-related deduction claims in their tax returns are correct. This tax time, the ATO will focus on claims for work-related expenses, particularly those relating to: overnight travel transporting bulky tools and equipment, […]
Read MoreJMp Accountants Welcomes Marc Grasko – Taxation Manager
We are pleased to welcome Marc Grasko to JM Partners as our Taxation Manager. Marc is a Chartered Accountant and has over 20 years’ experience in business advisory and taxation having worked with a wide range of clients across […]
Read MoreSignificant Changes To Credit Reporting
From March 2014, Australia changed to a comprehensive credit reporting system. Previously there was a negative reporting system whereby your credit report kept a record of any loans you had applied for (it doesn’t say where they were approved or […]
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