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So far waterford has created 51 blog entries.

Your essential EOFY checklist

No one wants to pay more tax than they need to or face unnecessary risks. We’ve compiled a list of our top tips for you. Donate - If you are going to donate to charity, now is the time. Any donations you make to deductible gift recipients can be deducted this year. Remember, if you [...]

By | June 21st, 2018|General|0 Comments

What’s changing on 1 July 2018?

Individuals Personal tax bracket changes - The top threshold of the 32.5% personal income tax bracket will increase from $87,000 to $90,000*. Introduction of the Low and Middle Income Tax Offset* providing a tax offset for those with taxable income of up to $125,333. GST on property developments and residential subdivisions – The way GST [...]

By | June 20th, 2018|General|0 Comments

One-off Super Guarantee Amnesty

Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month. The ATO estimates that $2.85 billion is currently owed in late or missing SG payments. Running from 24 May 2018 for 12 months, the amnesty encourages employers to reduce this [...]

By | June 20th, 2018|General|0 Comments

Invitation | Outsmart The Tax Man/ Budget 2018

#OutsmartTheTaxMan #Budget2018 #Newcastle #HamiltonAccountants #HamiltonFinancialServices #Seminar #Wednesday13June #Noah’sOnTheBeach

By | May 23rd, 2018|General|0 Comments

Budget 2018-19: The ‘Breadwinners Budget’

Reward for work is a dominant theme in this year’s Budget. The seven year personal income tax plan initially targets low to middle income earners before making significant changes to the tax brackets. Innovation continues to be the Government’s mantra with the medical industry a clear winner. The Government has dedicated a total of $1.3 [...]

By | May 16th, 2018|General|0 Comments

GST on property developments

The big changes for developers and purchasers If a Bill currently before Parliament passes, from 1 July 2018, purchasers of new residential premises or new residential subdivisions will need to remit the GST on the purchase price directly to the ATO as part of the settlement process.  This is a significant change from how GST [...]

By | March 13th, 2018|General|0 Comments

The ATO’s FBT Hot Spots

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the key hot spots for employers and employees. Motor Vehicles – using the company car outside of work Just because your business buys a motor vehicle and it is used as a work vehicle, that alone does not mean that the car is [...]

By | March 7th, 2018|General|0 Comments

New data breach laws come into effect

New data breach rules in effect from 22 February 2018 place an onus on business to protect and notify individuals whose personal information is involved in a data breach that is likely to result in serious harm. In October last year, almost 50,000 employee records from Australian Government agencies, banks and a utility were exposed [...]

By | March 7th, 2018|General|0 Comments

Profits of professional services firms guildlines suspended

In 2015 the ATO published some guidelines ‘Assessing the risk: allocation of profits within professional firms’ which aimed at ensuring that profits derived from professional services firms were taxed in an appropriate manner. In broad terms, the ATO set out some safe harbour approaches that could be used to ensure that practitioners were classified as [...]

By | February 15th, 2018|General|0 Comments

Santa’s Tax Crises

A light-hearted look at the complexity of Australian taxation laws. Dear Santa, Thank you for the opportunity to provide tax advice for your operation. We are pleased you have initiated this advice as the Australian Taxation Office (ATO) is looking closely at any business or individual that operates within Australia but has significant transactions or [...]

By | December 12th, 2017|General|0 Comments