Capital Gains Tax changes for foreign residents

The 50% CGT discount no longer applies to foreign residents who make a capital gain on taxable Australian property. This change became law on 29 June 2013. Foreign or temporary resident individuals must meet certain eligibility conditions to apply the CGT discount. From 8 May 2012, the application of the 50% CGT discount will depend … Read more

Private Health Insurance Rebate changes

If you have private health insurance, you may be eligible for the Private Health Insurance Rebate. The rebate is means tested against your single or family income (i.e. if you have a partner, the family income test applies to your combined income). Incomes and rebate percentages are summarised below: Single $88,000 or less $88,001 – … Read more

Are your contractors really contractors?

By Jarrod Rogers CPA This article should not be read as personal advice and does not apply to every situation. Should you need advice specific to your circumstances (employer or work) we invite you to become a client. Do you have an ABN? Tens of thousands of people do, and many of them legally should … Read more

ATO email scams

ATO email scams &#45 How to stay safe Spam email is a fact of life, and there are many financial scams around. But it seems that ATO scams are on the increase. I’ve received scam emails myself, and I’ve been getting more questions from clients about ATO email fraud.   Is the email from the … Read more

HECS changes look likely

HECS (HELP) changes looking likely The government looks set to remove the HELP voluntary repayment bonus. While the changes have not gone through parliament, the bill has been introduced by the current government. It’s unlikely to be blocked by the opposition, because it was their idea in the first place. So it’s probably going to … Read more