Top up your super with house proceeds
Individuals aged 65 years or older, who meet eligibility requirements, may be able to make a downsizer contribution into their superannuation from the proceeds of selling their home.
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AMD – MYOB Awards Finalists!
AMD have been recognised as a Finalist in the MYOB Partner Connect Awards for 2018 in the Accounting Practice of the Year category.
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Tighter Lending Conditions
Tighter lending conditions are creating an environment of road blocks, in particular impacting smaller businesses following the royal commission’s credit crunch and lending criteria getting tighter.
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Selling Properties
From 1st July 2018, individuals and entities who sell properties for more than $750,000 will require an ATO clearance certificate proving their residency otherwise an amount of 12.5% of the sale price will be withheld.
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GST Rules for Property Developers
The new financial year has seen a GST withholding obligation imposed from July 1.
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What’s Holding Back Your Business?
Educate yourself on any business concessions or funding you might have access to. So many businesses don’t realise the opportunities available for them.
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Clothing Allowance
Regarding cleaning and laundering, you must have written evidence if your claim is greater than $150, and if your total claim for work-related expenses exceeds $300.
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2018/19 Federal Budget Summary
Then 2018/19 Budget was released on May 8, 2018 with a focus on further strengthening the economy in an effort to establish a projected surplus of $11 billion in 2010/21. Highlights include a plan to lower personal income tax.
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Single Touch Payroll
Some employers will be required to report to the ATO from July 2018 on payroll matters.
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