By the age of retirement, the average working woman will have lost $160,000 in superannuation due to career breaks, according to REST Industry Super. To determine the financial impacts of career breaks on working Australians, the superannuation fund commissioned research, including a survey of 1030 men and women who had taken a career break of […]
Small business owners on Queensland’s Sunshine Coast are invited to attend free one-on-one information sessions, run by the Australian Taxation Office (ATO), to assist them in staying on track with tax and super obligations.
According to the Tax Institute’s Robert Jeremenko, it’s in every business owners interests to stay up to speed on superannuation changes.
“Many people consider contributing greater amounts into superannuation before the end of the financial year to get the most out of their savings. If you do, it is crucial to make sure you don’t exceed the contributions caps under any circumstances.”
99 percent of small business owners making use of the Government’s Superannuation Clearing House have reported being satisfied with the service, and said they’d recommend it to other small businesses.
The end of the financial year is almost upon us, but there are still a number of actions that business owners can take to help reduce their tax liabilities for the 2007 tax year. Often, this is simply a case of ensuring that your intentions are correctly recorded and dated, which will also be helpful […]
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