We’ve just published our latest Tax and Super Quick Reference Guide. If you’d like to receive a copy, please provide your mailing address to marketing@edneyryan.com.au.
What’s New With Super – An Update on Recent Changes
Written by Kate O'Brien, Managing Director - Edney Ryan Wealth ManagementThe new financial year has heralded some big changes to superannuation legislation. New laws include several measures designed to better protect your retirement savings, so they aren’t eroded by fees and insurance premiums. They also include some significant opportunities for those in early retirement. To help you better understand what this means for your retirement savings, we’ve outlined some of... Read more
Evelyn Christian Appointed Director
Written by Stephen Ryan, Managing Director - Edney Ryan Chartered AccountantsI am delighted to announce the appointment of Evelyn Christian to Director, Edney Ryan Chartered Accountants. This important appointment for our business and our clients is a result of Evelyn’s considerable expertise, demonstrated commitment to client service and dedication to the growth of our business. With more than 15 years at Edney Ryan, Evelyn contributes a wealth of knowledge and... Read more
Changes to Single Touch Payroll
Written by Matthew Stewart, Director - Edney Ryan Chartered AccountantsIn February, the Federal Government passed legislation to extend Single Touch Payroll reporting to include all small employers (those with 19 employees or less). What Is Single Touch Payroll? Single Touch Payroll (STP or One Touch Payroll) is an ATO initiative that encourages more frequent salary reporting. Through this initiative, employers will report: Payments (salaries and wages) PAYG withholdings; and... Read more
The 2019 Federal Budget and the Government’s Great Irony
Written by Stephen Ryan, Managing Director - Edney Ryan Chartered AccountantsThere’s never been a budget delivered as close to a Federal Election as that presented last night by Treasurer Frydenberg. Credit where its due – the nation is forecast to return a budget surplus for the first time in more than twelve years. The government’s sound economic management has the nation back in the black (with recent help from the strengthening... Read more
An Ethical Business Perspective on the Royal Commission Findings
Written by Stephen Ryan, Managing Director - Edney Ryan Chartered AccountantsThe Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has now concluded with the final report tabled earlier this week. I would like to share our perspective from the Edney Ryan Group, particularly on the most recent recommendations regarding the mortgage broking industry and reiterate our stance on ethical business conduct. We introduced Edney Ryan Mortgage... Read more
Alert for Foreign Residents – Changes to the Main Residence CGT Exemption
Written by Matthew Stewart - Director, Edney Ryan Chartered AccountantsFor Australian residents, your home is generally exempt from Capital Gains Tax (CGT) subject to meeting the ATO’s requirements. Australians living abroad have also been able to claim the CGT exemption on the family home. This exemption has been available to foreign residents, so long as the home was rented out for no more than six years at a time.... Read more
Changes to Residential Investment Property Deductions
Written by Matthew Stewart, Director - Edney Ryan Chartered AccountantsAs we reach the end of another financial year, there are a number of legislative changes worth recalling which took effect from 1 July 2017. Here we highlight the changes to residential investment property deductions, which will be relevant for many of our clients. Changes to Residential Rental Property Travel Expenses Under legislation that took effect 1 July 2017, travel... Read more
Protecting Your Business from Cybercrime
Written by Andrew O'Donnell, Director - Edney Ryan LegalCybercrime impacts the lives of many Australians and is expected to increase as our reliance on technology grows. Common types of cybercrime include hacking, online scams, fraud, identity theft and attacks on computer systems. In recent months we have been made aware of several instances where clients have been targeted by cybercriminals. Here we share these examples as a warning... Read more
Downsize Your Home and Contribute to Super
Written by Kate O'Brien, Director - Edney Ryan Wealth ManagementFor many Australian retirees selling the family home can be an effective way to release equity to fund retirement. Following legislation passed in December, homeowners aged 65 years or over are able to downsize their family home and invest the surplus into the tax effective environment of superannuation. Key Points The sale of the property must be from 1 July... Read more