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MSI Update from McKinley Plowman – May 2016
May 20th, 2016The May 2016 edition of the MSI Newsletter features an article on the opportunities in crowdfunding for start-ups in Australia, as well as an article that covers the anticipated changes in New Zealand's policies on trust and properties that will affect foreign investors. Adelaide-based lawyers Katherine Vincent and Johnston Withers writes an article that reminds allread more
Instant Asset Write-Off to be Extended to Other Small Businesses
May 18th, 2016After the new Federal Budget was handed down on 3 May 2016, small businesses can enjoy up to a total of $2.2 billion worth of tax deductions to be handed out in the next four years. “If we wish to continue to see our living standards rise with more jobs and higher wages, we needread more
Surprising Cap Change On After-Tax Super Contributions
May 14th, 2016While many expected certain amendments in the current after-tax (non-concessional) contribution to super with the new Federal Budget, many were taken by surprise when Treasurer Scott Morrison introduced a lifetime cap of $500,000 on after-tax contributions in the 2016-2017 Budget. “We have long advocated for a lifetime rather than annual limit for non-concessional contributions. Whatread more
Investing In Your Employee’s Wellbeing has Proven Returns For Your Business
May 13th, 2016If you could make a small investment in your business that would have proven returns AND likely improve the well-being of your staff, would you make that investment? There is more and more evidence that shows that relatively small investments in the ergonomic knowledge of your employees and, to a lesser extent, the physical environmentread more
Is it time to jump out the Investment Property window?
May 10th, 2016The window of opportunity for Investment Property in Perth and for that matter in Australia has potentially never been greater. Just about every property market in Australia may be around rock bottom. Unemployment is at a high. Interest rates are at record lows. Days on market for property sales are coming off high numbers. It’s aread more
Find Your Lost Super Before It’s Transferred
May 9th, 2016In 2014 the Federal Treasury reported that there are 6 million “lost” superannuation accounts holding an amount of no less than $16 billion. With a new legislation in effect (since the end of 2015), any lost super that has balances less than $4,000 and was inactive for the last 12 months, will be transferred to theread more
How “Genuine” are your employees?
May 5th, 2016The Department of Immigration and Border Protection (DIBP) has recently introduced legislation requiring companies to demonstrate the “genuineness” of a position. What this means in reality, is that the Department is scrutinising whether the nomination is “genuine” in circumstances where the nominated person from overseas is a family relation or personal associate of an ownerread more
Deductions on Training Courses for Employees
May 4th, 2016One of the keys to a successful business is having a team of individuals who are proficient with the roles they are given. However, in order for the team members and the business to grow as whole, companies should provide their employees the opportunity to participate in training courses or seminars where they can expandread more
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