Harper News

Small business 2015 Federal Budget

The government announced a “Growing Jobs and Small Business” package to assist small businesses. Broadly, small businesses with an aggregated annual turnover of less than $2 million will be eligible for the following concessions.

[Read more...]

Families 2015 Federal Budget

The government announced a child care package, which includes the following measures.

[Read more...]

Individuals 2015 Federal Budget

Personal tax rates will not change, and the 2% Temporary Budget Deficit Levy for taxable incomes over $180,000 will not be extended. The budget confirmed that the levy will, as expected, cease at the end of the 2016-17 income year.

[Read more...]

Being a ‘non-resident’ makes a difference for tax treatment

One of the very first questions you are asked on your individual tax return is: “Are you an Australian resident?” It may seem an unusual or unnecessary question, but the Tax Office wants to get this one cleared up early as it makes a big difference to everything else that follows.

[Read more...]

Yes, you can claim GST credits for employee reimbursements

If you are an employer registered for goods and services tax (GST), you may be entitled to claim GST credits for payments you make to reimburse employees (including company directors) or partners in a partnership for certain work-related expenses.

[Read more...]

‘Robo’ advice for SMSFs: Can we trust machines?

With the advent and steady growth of the self-managed superannuation fund (SMSF) sector, superannuation professionals are steeped in discussion about financial services automation and where it will le...

[Read more...]

The undercover employee

The Tax Office’s ongoing compliance efforts have some constant focus. One of these is the often flawed characterisation of an employee as a contractor by businesses. The mischief from the Tax...

[Read more...]

The taxation of employment termination payments

An employment termination payment (ETP) is generally a lump sum amount paid to an employee upon termination of their employment. Depending on the type of ETP, the employee’s age and years of service, the amount may be taxed in a number of different ways. An ETP may comprise of a tax-free portion, concessionally taxed portion and taxed portion.

[Read more...]

Your ‘lost’ super could be costing you money

A recent report from the Federal Treasury said there were around six million “lost” superannuation accounts holding a total of about $18 billion as at mid 2014. This figure represents roughly one in five of every superannuation account.

[Read more...]

Couple de-coupling, and specific complications for SMSFs

There is a unique problem with self-managed superannuation funds (SMSFs) when it comes to marriage breakdown and splitting assets upon divorce, and it is a problem that could become more common.

[Read more...]

The ins and outs of the Single Touch Payroll initiative

Back in January, the government unveiled its Single Touch Payroll (STP) initiative. STP is an application it said would cut down red tape for employers by streamlining tax and superannuation reporting obligations. The application is still about a year away, but the government is confident it will be a focal part of our tax system’s administrative overhaul.

[Read more...]

The income tax implications of property lease incentives

Lease incentives are commonly used by landlords to entice tenants to enter into a lease. The most common type of lease incentive relates to new tenancies in commercial buildings.

[Read more...]

Tax Office continues to target online sellers

Many taxpayers will have noticed that “pre-filling” has become much more widespread, which is only possible due to the amount of financial information that is able to be accessed by the Tax Office.

[Read more...]

Proposed changes to employee share schemes

While it is generally accepted that business owners are the most driven to see their business succeed, the same sort of vested interest can also give staff a sense of participation and a solid reason to see the company become profitable. Having a real stake in a company through owning shares in it is an incentive that some companies, particularly those listed on the stock exchange, have utilized.

[Read more...]

Your practical CGT framework

The term “capital gains tax” (CGT) is perhaps the biggest misnomer in tax. It is not its own, separate tax on capital gains per se. For an individual, it is included as part of that person’s assessable income and subject to tax at their marginal tax rate. When a taxing point for CGT happens (referred to as a CGT event) there is a torrent of rules that taxpayers must adhere to so they can fulfil their tax obligations correctly.

[Read more...]

SuperStream: A guide for small business and for SMSF trustees

The government wants to improve the superannuati system and bring it into the modern electronic world through the introducti of SuperStream, and this includes for SMSFs.

[Read more...]

The deductibility of self-education expenses

To get ahead of the game and stay there, you need to flex your grey matter as often as possible. Self- education is one way of ensuring you keep up to speed with developments and methods relating to e...

[Read more...]

Fringe benefits tax — your business basics

If you own a business that employs staff, and provide remuneration to your employees in a form other than straight salary, you may be up for fringe benefi tax (FBT). The upside for your workers is that they do not then have to pay income tax on the value of the benefi provided to them.

[Read more...]

Franchisee or Independent

Over the various important breaks, where public holidays exist, there seems to be an opportunity for the Independent Coffee Shops! In a street dedicated to several different Coffee Shops, some includi...

[Read more...]

How to Increase the Revenue of your Business

There are realistically two major avenues for your business to increase its annual revenue: #1 is to increase the volume of people buying from you, and #2 is to increase the price achieved at the time...

[Read more...]

Page 10 of 21First   Previous   5  6  7  8  9  [10]  11  12  13  14  Next   Last   
Contact Us

Please fill out the form below and we will get back to you as soon as possible.

* Required
Business Diagnostic Tool

Health 180 Business Diagnostic

Reveals the most effective way for you to improve your business, plus the key areas for you to start on right now ...

First time users: click the Registration button, otherwise click the Login button

Use Promo Code:  AID0744-02N




Online Calculator

Click here to use our Online Calculator

Privacy Statement  |  3/506 Nepean Highway (PO Box 11040) Frankston Vic Australia 3199  |  Tel 03 9770 1547
Harper Group Pty Ltd ABN 19 067 923 611  |  © 2013 Harper Financial Group Pty Ltd  ABN 46 124 548 812