ATO correspondence Editor: The ATO has asked that we (and other professional associations) share the following information regarding their recently published guide on “Finding ATO correspondence”. This is no doubt thanks to the angst we (and others) have been passing on to them regarding how difficult it has become to keep track of these communications. […]
Becoming a Client
Becoming a Client Becoming a Client You have made the decision you want to move accountants and the next step is to work out if we are a good fit for you, and likewise that you are a good fit for us. We like to organise an appointment to get to know you and how we […]
Registering a SMSF for an ABN
By Bottrell Group on September 2, 2015 in Australian Tax Office Updates, Interesting Articles, The Bottrell Office
Registering an SMSF for an ABN Gavin: The ATO has provided the following advice regarding registering a SMSF for an ABN. The guidance is probably most relevant where a person aged over 65, who is not working, wishes to set up a new SMSF and roll over into that SMSF an amount from another fund. If […]
Grow your retail business in the clouds
Grow your retail business in the clouds “We have this big myth in the technology industry that we like to impose on everybody — disruption is going to happen and it’s going to destroy you. But this pattern of change actually takes time.” And so began Andy Lark, CMO of Xero, launching into an overview […]
Changes to income tax treatment for instalments warrants
Changes to income tax treatment for instalments warrants The Government has announced an extension to the proposed income tax look-through treatment to cover instalment warrants and receipts over direct and indirect interests in listed securities, as well as unlisted securities in widely held entities and bundles of these assets. Assistant Treasurer and Minister for Financial […]
Find your Lost Super
Find your Lost Super It is important to keep track of your super. If you’ve ever changed your name, address or job, you may have lost track of some of your super. Having several super accounts could mean that fees and charges are reducing your overall super investment. There are a number of ways to […]
Trauma insurance inside SMSF
Trauma insurance inside SMSF Trauma insurance inside SMSF is no longer available following new legislation that became effective on July 1 of 2014. Other forms of insurance such as Life Cover, Any Occupation TPD and Income Protection are still available through superannuation. Every working Australian has a one in three chance of becoming disabled for more […]
PAYG withholding variations
PAYG withholding variations PAYG withholding variations PAYG withholding variations should be used when the payee (the person receiving a payment) wants to reduce their withholding rate for the year ending 30 June. If this is you, please read further or call the office. The main purpose of varying your rate or amount of withholding is to make […]
NAB and Xero joining forces
NAB and Xero joining forces Australia’s big banks have been jostling for the title of the most technologically advanced institution, making big plays to get the edge. Australia’s third largest bank, NAB, is running its NextGen project which is complete overhaul of its legacy systems. CommBank is working with a number of startups and last […]
