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Superannuation

Increase in Pension Transfer Balance Cap

February 24, 2021

From 1 July 2021, the amount that a member can transfer to a tax-free retirement pension will increase from $1.6 million to $1.7 million. On the surface this may sound like great news for super fund members because they will be able to transfer an extra $100,000 into the tax-free environment. But there are a […]

Lending

The real cost of selling your home in 2021

February 17, 2021

You’ve saved your deposit, you’ve scoured property listings and found ‘the one’, it’s time to sell your house and move on. If only it were as simple as it sounds. Your home is likely your most valuable asset, so of course you want to get the best possible price for it. Though on the surface, […]

Audit

The impact of COVID-19 on international education and schools

February 10, 2021

International education is among the largest Australian export industries with a staggering $37.6 billion contribution to the economy in just 2019. Furthermore, the sector has contributed a record $13.7 billion in just the State of Victoria. These statistics just highlight the significance of this industry on the Australian economy and the benefits can be further […]

Tax

Accru Tax Alert – February 2021

February 3, 2021

Take a look at our February snapshot of taxation developments that may affect your business, investments or superannuation. Please do not hesitate to contact us should you need further advice. ATO warning: watch out for tax avoidance schemes Tax planning or tax avoidance – do you know the difference? Tax planning is a legitimate and […]

Business Advisory

Jobkeeper – Update For Final 3 Months

January 20, 2021

On the fourth of January 2021 we rounded the final turn on the long and winding road of the Government’s JobKeeper program. It is currently going to end on 28th March 2021. Originally intended to end in September of 2020, JobKeeper was extended under the title ‘JobKeeper 2.0’, although it was more like Jobkeeper 2.1 […]

Lending

Options for First Home Buyers With Minimal Deposit

December 9, 2020

Buying a house is a new and exciting experience for first home buyers; however, saving up that big deposit and getting a loan can be a cumbersome, time-consuming task. Traditionally, banks require a 20% deposit based on the cost of the home to consider lending money to a home buyer. And often, first-time home buyers […]

Tax

Accru Tax Alert – December 2020

December 2, 2020

Taxation Developments Take a look at our December snapshot of taxation developments that may affect your business, investments or superannuation. Please do not hesitate to contact us should you need further advice. Coronavirus Supplement extended (but reduced) The Federal Government’s Coronavirus Supplement has been extended for a further three months. The Supplement payments were due […]

Audit

Pressures and uncertainties on the Aged Care Industry

November 26, 2020

The unprecedented event of COVID-19 has changed many aspects of all industries and is forecasted to have long-term implications in the foreseeable future. Given the high risk and volatility within the Aged Care industry, there is a greater unexpected pressure that could be unavoidable. Currently, the Royal Commission is focused on improving the health and […]

Wealth Management

Private Ancillary Funds

November 19, 2020

A more formalised philanthropic focus as part of your financial position. Australians are well known as very generous and giving individuals; no better example of this being the support and monetary donations Australians have provided to communities and charities during the recent bushfires across the country. The Australian Taxation Office (ATO) reports that the total […]

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