Blog

Kelly+Partners TaxWise Business News: February Edition 23rd February 2017

Please find attached the latest TaxWise Business News distributed quarterly by Kelly+Partners to update you on the ever-changing tax laws....

Read more

Successful Family Business 20th February 2017

Are you like most successful family businesses? First it was a converted garage or similar, then a shared space, then your own space. Next came all the extra administrative tasks and pretty soon you can only get your core business done after-hours or on weekends ...

Read more

Your Business Website: Are the Costs Deductible? 13th February 2017

Setting up, maintaining and modifying a business website can involve significant costs. When considering whether spending related to a website is tax deductible, business owners need to take into account Taxation Ruling TR 2016, which sets out the Commissioner of Taxation's views for the purposes of the Taxation Administration Act 1953....

Read more

Contributions – what the changed concessional and non-concessional caps may mean for you 10th February 2017

With many of the changes announced in the 2016 Federal Budget now passed by Parliament, there is an amount of certainty that you can have when approaching your SMSF planning and the contributions you might wish to make to your SMSF....

Read more

5 Things You Need to Know Before Executing a Family Leadership Transition 8th February 2017

Leadership succession is always a topic on mind when working with multi-generational families, facilitating the process for the family’s leadership transition....

Read more

Starting an Income Stream from an SMSF: Case Study 6th February 2017

The ATO has prepared a case study discussing outcomes for three individuals who are all 60 years old and who want to start receiving an income stream from their self-managed superannuation fund (SMSF)....

Read more

Global mobility continues to be an increasing trend 6th February 2017

Global mobility continues to be an increasing trend. One impact is that individuals who relocate for work may inadvertently change their tax residency status. An individual's tax residency status is important as this affects whether that individual is taxed on their worldwide income from all sources or just on their Australian-sourced income....

Read more

Foreign resident capital gains withholding 6th February 2017

New rules apply to vendors disposing of certain taxable Australian property under contracts entered into from 1 July 2016. A 10% non-final withholding will be applied to these transactions at settlement....

Read more

Holiday Home Owners: Take Note of ATO Scrutiny 18th January 2017

The ATO is increasing its focus on holiday home investors and, in particular, whether they are correctly claiming deductible expenses. In the past, the ATO has written to taxpayers reminding them to only claim the deductions they are entitled to, for the periods the holiday home is rented out or is genuinely available for rent. ...

Read more

BMF Group strengthens its future outlook with Kelly+Partners partnership 6th December 2016

In a move designed to strengthen and secure its leadership for the long-term, the BMF Group has announced a partnership of their 35 year old, highly regarded Sydney CBD based accounting and tax division with Kelly+Partners Chartered Accountants, a leading multi-award winning accounting firm effective from 1 January 2017....

Read more