Where to next?

This is what we’re asked by many people and the reason why our clients chose Hayes Knight.

Our clients know we are good at the fundamentals – accounting, tax compliance and audit – but they come to us because we have the expertise to help them identify, structure, and secure, their future … their next step. MORE

 

 

The Budget Changes, Your SMSF  & How to Play to Win

event_icon 60x58Join Us for Our Special Boardroom Briefing for SMSF Investors on Wednesday, 3rd August, 2016. The May 2016 Federal Budget announced significant changes to the rules governing super contributions and the taxation of pensions. It is now harder than ever to build up the level of assets you hold in super. MORE

 

Warning on Super Contributions

The 2016-17 Federal Budget announcements on superannuation have caused a lot of concern. Many clients have asked, what should we be doing? The main area to be mindful of is the $500,000 lifetime cap on non-concessional contributions as what you do now, may have a lasting and potentially detrimental impact. MORE

 

What’s Changing on July 1

July 1 60x60Check out this quick but comprehensive overview of what’s changing on 1 July for business, families, SMSFs and for you.  MORE

 

 

The Tax Deductibility Debate – What You Can & Can’t Claim

Tax deductible 60If a man can claim a briefcase as a tax deduction why can’t women claim their handbags? Before you try and claim your $4,000 Gucci handbag as a tax deduction, we step you through the facts of the deductibility debate.

The rules around what you can personally claim as a work related tax deduction are fairly rigid – otherwise everyone would be claiming everything even vaguely associated to what they need for work. MORE

 

Buying or Selling Property? The July 1 Tax Problem You May Not Know You Have

tax alertFrom 1 July, a 10% withholding tax will apply when foreign residents sell certain types of Australian property. However, if you are selling Australian property, the new rules assume you are a non-resident unless you have a clearance certificate from the ATO. Without this clearance certificate, the purchaser can withhold 10% of the purchase price and pay this to the ATO. For purchasers, if you do not withhold the tax and do not have a clearance certificate, you are liable for the tax (on a $2 million property, that’s $200,000). MORE