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 […]
Why use Bottrell Business Consultants Pty Ltd
Why use Bottrell Business Consultants Pty Ltd The main reasons to use our service:- Registered Tax Agents – A fully trained friendly team Tax Experts – Specialist and ‘up to date’ experts and Chartered Tax Advisors Easy Tax Preparation – All in just 45 minutes by a company you can trust. Maximum Refund – Our mission […]
The maximum annual government contribution- First Home Saver Accounts
The maximum annual government contribution The maximum annual government contribution is based on the contribution threshold that is indexed periodically in $500 increments. Income year Contribution threshold Maximum government contribution 2013-14 $6,000 $1,020 2012-13 $6,000 $1,020 2011-12 $5,500 $935 2010-11 $5,500 $935 2009-10 $5,000 $850 2008-09 $5,000 $850 Changes to first home saver accounts The […]
Not meeting super obligations can be an expensive mistake
Not meeting super obligations can be an expensive mistake Small business owners who try to avoid their employee superannuation obligations can now be reported to the Fair Work Ombudsman. Formerly the ATO was charged with enforcing employer’s super obligations. But due to the ATO’s workload, the chance of an errant employer being forced to meet […]