As we head into August, we are now well and truly in the thick of individual tax return lodgements for the 2017 financial year, so now is the perfect time to think about what deductions you may be eligible to claim in your tax return. Generally, any expenses incurred in relation to earning your income… Continue Reading
Author Archives: Catalyst Financial
WARNING: ATO and ASIC Scams
As the new financial year begins and taxpayers commence preparing 2017 tax returns, scams by entities posing as the ATO or ASIC will become more prevalent. It is important to be able to identify whether a call, email or any form of contact from the ATO or ASIC is genuine and to be able to… Continue Reading
Budgets and forecasts – Tools to steer your business
“Congratulations! Today is your day. You’re off to Great Places! You’re off and away! You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose”. – Dr Seuss You might be thinking that a Dr Seuss quote is a very odd opening to an article about… Continue Reading
Ready, Set, Go! FY2018 is here!
As the 2017 financial year comes to an end and you are all finished focusing on optimising your 2017 tax positions, it is now time to think about the financial year ahead. Some important tasks for the next 2 months are: Prepare 2017 PAYG Payment Summaries and give them to your employees by 14 July;… Continue Reading
Changes to GST and BAS reporting from 1 July 2017
The new financial year is almost here and it will bring with it some significant GST changes. Simple GST Reporting for Small Businesses A very important change for small businesses is the simplified GST reporting called “Simpler BAS”. Simpler BAS applies from 1 July 2017 and is designed to make the BAS preparation process easier… Continue Reading
2017 Federal Government Budget
At 7:30pm on 9 May 2017, Scott Morrison delivered his second budget with a forecast budget deficit of $29.4 Billion for 2017-18, $21.4 Billion for 2018-19, $2.5 Billion for 2019-20, and a surplus of $7.4 Billion for 2020-21. The treasurer announced that we are moving towards the end of a difficult period and that this… Continue Reading
Significant Superannuation Changes
In the 2016-17 budget, the government announced some major reforms to the superannuation system. Following extensive consultation, the government has decided to amend the changes in order to support Australians in investing in superannuation with the main objective of providing an income in retirement. The changes announced by the government this morning are: The $500,000… Continue Reading
Jan 2015 Client Newsletter
Happy New Year Catalyst Financial wishes you a happy and successful 2015. It has been a pleasure working with you in 2014, and we look forward to supporting you in achieving your 2015 goals. 2015 will be an exciting year for Catalyst Financial with many new positive changes. New Team Member We take this opportunity… Continue Reading
Project Do It
Project Do It – Voluntarily Disclose Foreign Income The ATO is giving taxpayers the chance, until 19 December 2014, to voluntarily disclose any undeclared foreign income. Taxpayers who make a voluntary disclosure will avoid significant penalties and criminal prosecution, ahead of a global crackdown on undeclared offshore income and assets. Any individual, company, partnership, or… Continue Reading
2014 Federal Budget
At 7:30pm tonight, Joe Hockey delivered his 1st budget with a forecast budget deficit of $29.8 Billion for 2014-15, $17.1 Billion for 2015-16, $10.6 Billion for 2016-17, $2.8 Billion for 2017-18, and a return to surplus in 2018-19. The main objective of this budget is “to help build a prosperous nation”. The treasurer announced that… Continue Reading
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- Changes to deductibility of ATO interest charges
- 2025 Federal Government Budget
- 2024 Federal Government Budget
- 2023 Federal Government Budget
- Revised method for claiming working from home expenses
- October 2022 Federal Budget
- 2022 Federal Government Budget
- Professional firms – ATO compliance approach to allocation of profits
- NSW 2022 COVID-19 Business support
- NSW 2021 COVID-19 Micro-Business Grant
- NSW 2021 COVID-19 JobSaver Payment
- NSW 2021 COVID-19 Business Grant
- Greater Sydney COVID-19 Lockdown – What Government Support is Available?
- Be aware and get ready for the upcoming increases to superannuation guarantee payments!
- The COVID-19 tax relief measures and support available for your 2021 tax returns!
- Government Grants Currently Available!
- 2021 Federal Government Budget
- Utilising taxable losses against prior year profits!
- The Benefits of Annual Tax Planning
- Xero Updates – March 2021
- Setting sales targets in uncertain times
- New wages subsidy for employers of apprentices and trainees
- Is your SMSF breaching NALI rules unknowingly?
- 2020 Federal Government Budget
- Jobkeeper – Nominate Additional Employees
- New options for claiming home office expenses during COVID-19
- COVID-19 effects on rental property owners
- Risks involved in consolidating super
- JobKeeper Payment: Eligibility Tests Clarified!
- NSW Government’s Economic Stimulus Package
- Rent relief for Businesses: The Commercial Tenancies Code of Conduct
- JobKeeker Payment – Government Clarifies Employer Eligibility
- JobKeeper Payment – The Next Round of Government Support!
- Second Government Coronavirus Rescue Package
- Government’s Response to Coronavirus Outbreak
- The Super Guarantee Opt-out is In!
- Going, going, gone! Main Residence Exemption removed for Foreign Residents
- The Crowdfunding Craze – Implications for Promoters and Contributors
- An Update from the 2020 Xero Roadshow
- Tis the Season! Tax implications of Christmas festivities
- Land Tax or Land mine? Changes to NSW stamp duty and land tax for discretionary trusts
- $10,000 cash payment limit expected to take effect from 1 January 2020
- Superannuation Guarantee Amnesty legislation re-introduced
- GST on Imports – Are you optimising your Cash Flow?
- ForPurposeCo. – The epitome of social enterprise!
- “Where’s my refund?” and other questions about your 2019 Tax Return
- ABN registrations under scrutiny: does yours stack up?
- To SMSF, or not to SMSF?
- Traps of the CGT Main Residence Exemption
- Division 293 Shock!
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F +61 2 8064 5364
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