Carry Forward Unused Concessional Superannuation Contributions February 10, 2023 Matt Richardson I have written about this topic a few times now – mainly because it is still one of the most overlooked strategies to help manage your taxation and superannuation planning. The 2019-20 financial year was the first year you were able to contribute “unused” concessional contributions from a prior year. This year, 2023, is the […] Read More
Managing cashflow for young individuals February 1, 2023 Lewis Thomas Managing savings & minimise spendings for young individuals. As a young individual it can be difficult to manage and save money. There are countless expenses presented to individuals that when managed poorly – are not financially viable. However, there are ways to engage in these activities responsibly and minimise the damage to the bank account. […] Read More
Christmas Parties and Fringe Benefits Tax December 14, 2022 Karen Grainger It is that time of the year when you are considering holding a Christmas Party for your employees. It is quite common for employers to provide Christmas parties and gifts at this time of the year. The Christmas Party is considered entertainment and in some cases be subject to Fringe Benefits Tax (FBT). Generally, the […] Read More
Personal Super Contribution December 7, 2022 Kayla Hawker What is a personal super contribution? Personal superannuation contributions are the amounts you contribute to your superannuation fund from your personal funds. These contributions: Personal superannuation contributions are generally treated as non-concessional and will count towards your non-concessional contribution cap unless you intend to claim a tax deduction for them. How to make a personal super […] Read More
Superannuation Savings November 23, 2022 Ross Laycock I recently received correspondence from my superannuation fund which I thought I would share as a timely reminder. The correspondence I received went as follows: Your super savings may last 20 years or more when your retire – some of the savings may even outlive you, so it’s important to let your super fund know […] Read More
Single Touch Payroll (STP) Phase 2 November 16, 2022 Emma Koschitzke The term STP will be a familiar term to those business owners paying employees, it was a learning curve for us all when this was introduced by the Tax Office but hopefully most businesses will be well versed in using the first phase of STP by now. STP was a Tax Office initiative designed to […] Read More
Password Fatigue November 9, 2022 Emily Moore Are you a victim of Password Fatigue? With the recent rise in data breaches being reported it is only natural that we want to ensure our online accounts are secure, both business and private. Each platform has its own set of password rules along with a request that passwords be unique. But how are we […] Read More
FISH! November 4, 2022 David Hadley Some time ago I posted a blog titled ‘FISH’. I thought it appropriate that this be revisited after the challenging couple of years that we have recently had. FISH! You may ask what the #!$@ do fish have to do with an accounting firm? Fish is in fact the name of a best selling business […] Read More
GTP Services October 26, 2022 Ross Laycock If I was to pose the question, “When was the last time you came into GTP?” For some it might be a week ago, a month or two…or maybe even more. Each client has a unique situation and here at GTP we have services that are tailored to meet our clients’ needs. Our aim is […] Read More
Energy Crisis! What can we do? October 19, 2022 Daniel Blay I’m pretty sure you are all aware we are experiencing a major global energy crisis at present. The cost of living is increasing daily. Food, Fuel, Utilities, and the cost of basic supplies are going up rapidly in price. I guess you’re thinking “Well, I can’t do anything about it! Indeed, it sounds somewhat grim […] Read More
