Articles

May 23, 2014

Employing Staff – Ongoing Employer Obligations

You and your employees have certain obligations to each other under common law. You also have obligations under Federal and State & Territory laws, industrial awards and agreements, tribunal decisions and employment contracts. DO YOU NEED TO REGISTER FOR PAYG WITHHOLDING? If you have employees you must register for PAYG Withholding and withhold amounts including: […]

Read more
April 30, 2014

Tax Facts – Imputation

The imputation system provides a way for Australian and New Zealand corporate tax entities that pay Australian tax, to pass on to their members a credit for Australian income tax they have paid. This prevents the same income from being taxed twice – once when the income is earned by the entity, and again when the income […]

Read more
April 8, 2014

Advantages and Disadvantages of Purchasing a Business

ADVANTAGES OF PURCHASING A BUSINESS Advantages of purchasing a small or medium business can include: An existing customer base and existing contracts A good business history increases the likelihood of success and profitability An immediate income is generate as the business remains operational Existing suppliers and existing credit terms Existing staff, management and systems Existing […]

Read more
February 21, 2014

Understanding ATO Compliance and Penalties for Self Managed Super Funds

AUSTRALIAN TAXATION OFFICE COMPLIANCE APPROACH The ATO compliance approach has traditionally focused on help and education. However, the ATO are concerned about the compliance of some Self Managed Super Funds. Therefore, the AT have increased their compliance activity on high-risk funds and the focus on timely lodgement. For Self Managed Super Funds, compliance activities will […]

Read more
January 15, 2014

Managing your Self Managed Super Fund’s Investments

One of your key areas of responsibility is to manage your fund’s investments. You have certain duties and responsibilities when making investment decisions. They are designed to protect and increase your members’ benefits for retirement. YOUR INVESTMENT STRATEGY You need to prepare and implement an investment strategy for your fund, and review it regularly. The […]

Read more
December 13, 2013

Paying Benefits to Members with a Self Managed Super Fund

The payment standards contained in the super laws, the sole purpose test and the preservation rules, ensure money in your Self Managed Super Fund is paid to members only when they are legally allowed to have it. Penalties apply in circumstances where these requirements are not met. CASHING OF BENEFITS There are two forms of […]

Read more

Contact

Suite 13, 241 Blackburn Road
Mount Waverley, Victoria, Australia

Phone: +61 3 9802 2533
Fax: +61 3 9802 0590
Email: mail@rogersonkenny.com.au
Postal Address: PO Box 323, Mount Waverley, Victoria, Australia, 3149
ABN: 29 545 604 022