Have you been thinking of downsizing the family home? Before you make an appointment with a realtor, you should consider how the new "Downsizer Contributions" measure could impact you. Continue reading
Do you collect personal data?
The Notifiable Data Breaches (NDB) Scheme will commence in Australia on 22 February 2018. The scheme makes it obligatory to: Notify individuals when their personal data has been involved Continue reading
Buying or selling a brand new residential premises or subdivision?
As part of the 2017-2018 Budget, the Government announced it would be making changes to the way it collects GST on the sale of new residential premises or new Continue reading
4 Simple words to get what you want in 2018
For many of us, January is a time for reflection, goal setting and planning. With 2018 underway, a priority for us in the first month of the year is Continue reading
Something amiss in your MyGov account?
If you are making use of the Government’s myGov service, be aware of this particular glitch when it comes to reviewing your superannuation contributions for the 2016 and 2017 financial years.
Don’t let this scam spoil your Christmas
We 've recently become aware of a new scam that appears to be doing the rounds for anyone with a registered business name. The scam appears as an email from ASIC with the title "Steps to renew your business names" It includes a link to a malicious website masked as an ASIC address which asks you to enter your contact details and credit card information. While the letter looks official, there are a few things that confirm it is definitely not from ASIC: Hovering your mouse over the "From" email address you' ll see it is from an obscure domain unrelated to ASIC, Similarly with the link to "renew" , hovering over the link reveals the destination to be a Continue reading
Single Touch Payroll – What, When, How?
By Marie Olesen If you have 20 or more employees you are required to commence reporting via Single Touch Payroll (STP) from 1 July 2018. Here are the key points Continue reading
Money Matters – Top ten money leaks
By Olivia Fischer You 'd fix a leaky tap - what about your leaking finances? We' ve all got little expenses that hit the bank statement every month, that can quickly add up to a big pool of money. David and Continue reading
Money Matters – Count Your Coins!
By Olivia Fischer When seeing a friend recently they made the comment "I can't seem to get ahead with my savings - I don't know where my money goes" . When you think about, this is a pretty scary statement - that 's your money, you should know where every cent of it is! So we grabbed a pen and paper and started to track where this money was going! While there are some great apps and programs out there to help you do this, the quickest and easiest way I find to take stock of what you' re spending is Continue reading
Superannuation guarantee payments due by 30 October 2017
Quarterly payments of the superannuation guarantee (SG) have now been required for many years and you will no doubt have implemented systems to deal with this. However, it is Continue reading
When you assume… Make sure you check your superannuation for this fine print
Do you know what will happen to your superannuation on your passing? Even if you have a Will in place, you can 't assume your superannuation benefits (including any life insurance you might hold within superannuation) will be gifted where you' ve directed. It seems roundabout, but superannuation Continue reading
Building your superannuation balance
We are now in a new era of superannuation tax law, with lower contribution caps and restrictions on pension balances. This brave new world brings with it a few Continue reading
The articles, templates, and media posted on this blog do not give business, accounting, taxation or financial planning advice. The articles are intended to provide information in a summary form and are general in nature. The contents do not constitute business, accounting, taxation or financial planning advice and should not be relied upon as such. Formal business, accounting, taxation or financial planning advice should be sought in particular matters. O’Connells OBM Pty Ltd accepts no liability in respect of this information and any person acting solely on the information contained within does so entirely at their own risk.