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So far has created 27 blog entries.

Thank you for your support during 2016

On behalf of the Partners and Staff we would like to thank you for your continued support during the year and wish you all the very best for the festive season and a safe and prosperous 2017.
By |December 21st, 2016|News|Comments Off on Thank you for your support during 2016

Living overseas but still taxable here

In a recent case, the AAT confirmed that a taxpayer was a resident of Australia for taxation purposes while he was living in Oman.

By |December 13th, 2016|News|Comments Off on Living overseas but still taxable here

KSG granted an Australian Financial Services Licence

We are excited to announce that KSG was granted an Australian Financial Services Licence (AFSL) on the 14th July 2016 (AFSL Number 484506).  As at 11 August 2016 ASIC have only granted 366 licenses to accounting practices throughout Australia. Our licence ensures that we can continue to provide advice on superannuation, and in addition advise on other financial products under ASIC’s new licensing regime for accountants which commenced on 1 July 2016.

By |October 4th, 2016|News|Comments Off on KSG granted an Australian Financial Services Licence

Deductibility of Airport Lounge Memberships

The ATO has also confirmed that the cost to a business taxpayer of a yearly airport lounge membership (e.g., Qantas Club, Virgin Lounge) that will be used by its employees is ordinarily deductible, and should not give rise to any FBT liability for the employer even if the majority of use of the airport lounge membership is for private purposes.

By |September 6th, 2016|News|Comments Off on Deductibility of Airport Lounge Memberships

Pre-retirees: Avoid ‘too good to be true’ tax schemes

The ATO has launched a new project called ‘Super Scheme Smart’, an initiative aimed at educating individuals about the potential pitfalls of ‘retirement planning schemes’, to keep them safe from risking their retirement nest egg.

By |September 6th, 2016|News|Comments Off on Pre-retirees: Avoid ‘too good to be true’ tax schemes

Update on Superannuation Program and ATO’s Sights on ‘Sharing Economy’

Update on the government’s superannuation program

Now that the government has been re-elected, it seems they are committed to proceeding with their superannuation policy, including the controversial measure to impose a ‘lifetime cap’ of $500,000 on the amount of non-concessional (i.e., undeducted) contributions that can be made into superannuation (calculated from all contributions made since 1 July 2007).

By |August 11th, 2016|News|Comments Off on Update on Superannuation Program and ATO’s Sights on ‘Sharing Economy’

2016 Personal Income Tax Return Checklist

Happy New Financial Year!
Once you have received your PAYG Summary you should start to collate your tax information for the 2016 financial year (i.e. from 1 July 2015 to 30 June 2016). Not too sure what you can and cannot claim? Below is our handy 2016 Personal Income Tax Checklist to help with the process.

By |July 8th, 2016|News|Comments Off on 2016 Personal Income Tax Return Checklist
  • Tax

Tax Saving Strategies Prior to 1 July 2016

Learn how tax savings are changing this financial year for business and individuals. Click to find out more about reviewing your tax position for 2016.
By |June 27th, 2016|News|Comments Off on Tax Saving Strategies Prior to 1 July 2016
  • Budget 2016-17

2016/17 Budget

Read how the 2016/2017 budget affects your superannuation and other ways the budget may affect you and your business.
By |May 5th, 2016|News|Comments Off on 2016/17 Budget

What’s New for Small Business

The ATO has issued a timely reminder before the end of the financial year on the changes announced in last year’s Budget.

By |April 7th, 2016|News|Comments Off on What’s New for Small Business