Smith Feutrill Insights
Financial news, expert tips, insights, and our latest updates.
ATO Warns Against GST Fraud Attempts
Registering for an ABN and applying for GST refunds when you don’t own a business or are not eligible is fraud. The Australian Taxation Office (ATO) has identified a...
Super Guarantee Change – Deadlines, Payments & Everything Your Business Needs To Know Before The EOFY
It is easy to get caught out with superannuation, particularly when you are the owner of a business. With so many things to occupy your mind, superannuation may slip from...
How You Structure Your SMSF Could Impact The Trustees In The Fund
The way in which a self-managed super fund is structured could change its legal compliance requirements. If you are in the process of setting up an SMSF, you will need to...
Your Work-Related Tax Deduction Checklist For This Year’s Tax Return Made Easy
The end of the financial year is coming up next month (30 June), and you may be looking for ways in which you could make tax savings in this year’s tax return. This could...
Director Identification Number Compliance Reminder For Businesses
As of 5 April 2022, new Directors will need to have applied for their Director Identification Number (DIN) prior to their appointment to the position. Existing directors...
The Benefits & The Downsides Of SMSF Set UP
One of the benefits of establishing or opting for an SMSF is due to the control they are given over where the money is invested. While this sounds enticing, the downside...
Car Parking Benefit Readdresses FBT Definition, Employers To Benefit
It’s getting closer to the time that FBT returns need to be lodged, so it’s important to understand that there may be a change to the FBT liability of your business when...
Paid Parental Leave Scheme Update For Federal Budget Announcements
If you have employees who are expecting to expand on their family (whether they are adopting or looking to become pregnant), the Federal Budget 2022-23 announced a change...
Superannuation Changes To Affect Pensioners (And What You May Still Need To Take Into Account From Last Year’s Budget)
The Federal Budget was released last Tuesday, announcing key changes to taxation and business. For superannuation, the minimum pension drawdown amount was in the...