Your business may be running smoothly at the moment. You may have a steady stream of clients and cash flow and business may be expanding. In fact, you may feel financially comfortable enough to splurge on luxuries once in a while.
Xilch partner Xero recently wrapped up its roadshow in Australia. Spanning 20 locations across Australia, including Adelaide, Perth, Bendigo, Wollongong, Dubbo, and Launceston, the roadshow was a resounding success as it attracted more than 5,500 participants wanting to learn about how they can get more out of cloud-based accounting.
Division 293 tax notices of assessment for the 2012–13 financial year started issuing to affected individuals in late January 2014, with larger volumes expected to issue over the coming weeks. If your members' 'adjusted income' and low-tax contributions are greater than $300,000, they may have to pay an extra 15% tax on their taxable contributions.