Monthly Archives: October 2015

ATO view finalised on income tax exemption conditions

The ATO has issued taxation ruling 2015/1 to express the Commissioner’s interpretation of the following conditions in s50 of the Income Tax Assessment Act 1997. The charity must: comply with all the substantive requirements in its governing rules; and apply … Continue reading

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Can Super provide asset protection?

In our litigious society, asset protection is increasingly becoming an important consideration. Superannuation, and Self Managed Super Funds (SMSF’s) specifically, represent one of the most effective asset protection structures. This is because the entire interest in an SMSF at the … Continue reading

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More certainty for the charity sector

Calling to provide certainty for the charities sector, the future of The Australian Charities and Not-for-profits Commission is more secure following a move in the Senate in late June. The Federal Opposition parties and some independents passed a motion to … Continue reading

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Why using the 20k Budget tax deduction might be the wrong decision

So, your business has a turnover under $2 million and you want to know how to use the $20,000 immediate tax deduction that’s been all over the news? Before you start spending, there are a few things you need to … Continue reading

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Are you being scammed?

Since time immemorial, imaginative but deceptive minds have been working to do us out of a dollar. Modern-day scammers are continuing the tradition, devising ingenious ways to deceive us into parting with our money. One of the more recently favoured … Continue reading

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Greater assistance for small business

Federal legislation establishing the Australian Small Business and Family Enterprise Ombudsman has now received Royal Assent. The Ombudsman will replace the Australian Small Business Commissioner, a role which commenced in 2013 with the purpose of providing assistance to small business, … Continue reading

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