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Business Accounting Solutions | Brisbane • Gold Coast • Sunshine Coast

Main residence exemption removed for non-residents

The Federal Budget announced that non-residents will no longer be able to access the main residence exemption for Capital Gains Tax (CGT) purposes from 9 May 2017 (Budget night).  Now that the draft legislation has been released, more details are available about how...

Super concessions for first home savers and downsizers

Does superannuation offer an avenue to help downsizers and first home savers? The Government seems to think so. Late last month the detail of the housing initiatives announced in the Federal Budget were released for consultation. I explore what’s on offer and the...

The Tax Commissioner’s hit list

Every so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focussed. Last month in a speech to the National Press Club, Tax Commissioner Chris Jordan did exactly that. Part of the reason for this public...

What did I miss? 1 July changes

The new financial year typically brings a number of important changes for business, individuals and the economy as a whole. Here’s a summary of the key things to remember from 1 July 2017: GST applies to digital products & services imported by consumers Small...

EPOCH ereview June 2017 – Issue 11

The wide-ranging superannuation reforms come into effect on 1 July 2017. With the changes come a series of issues that Trustees need to be across, even if they don’t immediately affect you or your fund. Read...