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ATO dispels top tax time myths to clients as clampdown rolls out
Tools for budgeting, cash flow, Super and more ….
Guidance for SMSFs on transfer balance reporting
ATO issues alert on super, tax scams
Salary sacrifice integrity
Understanding the evolution of blockchain and cryptocurrencies
Update to Australia's vital statistics
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SMSFs - Our 'hardest' jobs
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Super savings gap for women stuck at 30%
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Statistics for all Australians
Touch Payroll (STP)
‘Calm before the storm’: Government proposes 12-month SG amnesty
Government intensifies cash payments crackdown - Kelly O'Dwyer
Passive investment companies tax rate still 30%
Cryptocurrency audits tipped to increase this EOFY
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$2.4m lost to tax scams, ACCC reports
No GST on digital currency
Federal Budget 2018 - Overview
Your Budget
4 components of our 2018 Federal Budget
Resources to help understand and implement Single Touch Payroll (STP)
New rules capture SMSFs trading big with cryptocurrency
New passive income test for lower corporate tax rate
Articles archive
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Quarter 4 October - December 2014
Quarter 4 of 2014
Articles
FBT – Christmas Parties and Taxi Fares
Hiring older employees
Deadline - 19th December 2014
Traps in Making Family Trust Distributions
Data matching offshore bank accounts
Estate planning in an SMSF.
Maximising the benefit of Credit Cards
Warning on Bank Offset Accounts
Mining tax gone but watch for associated tax changes
Maximising the benefit of Credit Cards

 

If you have a credit with interest free days, then make it work for you.


     

Know the cut off date (the end of each months transactions) and then delay, if you can, some charges on the card until after that date.  This might mean paying the utility account a bit later.  Doing so will give you an extra month to pay.


Paying the full amount stated on a credit card statement by the due date means no interest is paid on those transactions – excludes cash advances.  Do the same every month.  Being late will be very costly, so ensure your payment is received in time.


Obtaining a card that has a 0% or a very low interest rate for several months is a very good way to minimise interest, but you should pay the amount off if you can.  Rolling this amount to a new card (0% or very low % interest rate – balance transfers for example) after this period is also a good idea, if you find another bank to take on your credit.


 


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21st-October-2014