It’s definitely the season to deck the halls. Christmas parties, Secret Santa gifts, work drinks and festive ‘feastivity’ is in the air. They are all part of this time of year and we’re definitely not here to spoil your fun, but did you know there are possible tax...
If you’re thinking about starting a business, you will likely know that simply getting to the starting line can seem like a sprint. There are a range of structural hurdles to jump, regulatory precedents to hit, and waves of exciting highs and some stressful lows to...
At Nexis, we are all about making life easier for you and taking the hassle out of your accounting needs. This also extends to our billing, and we are always working to assist you with payment options for your Nexis invoices. We wish to let all our valued clients know...
The ATO has confirmed that an employer cannot claim an input tax credit where it pays an expense on behalf of a super fund, as the supply is not made to the employer; but to the super fund. If the super fund is registered for GST, then the super fund may be able to...
SMSFs have until 30 June 2016 to comply with strict new rules for collectables and personal use assets There are strict new rules for collectables and personal use assets (such as artworks) which all SMSFs must comply with by 30/6/2016. Collectables and personal use...
ATO provides updated guidance on the process for claiming exempt current pension income Since our last update, the ATO has provided updated guidance on the process for claiming exempt current pension income (ECPI). The changes in the ATO’s view results in SMSFs...
