Edney Ryan Chartered Accountants

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 21 2015 Key Points This note focuses on the debate around the four major “tax concessions” in Australia: negative gearing, the capital gains tax discount, dividend imputation and superannuation. Removing negative gearing for property investment and dividend imputation will only add to distortions in... Read more

There were many positives in Treasurer Hockey’s second federal budget, the tone of which was a stark contrast to his grave warnings, severe spending cuts and austerity messages a year earlier. However one must question the optimistic forward growth estimates on which treasury base their calculations – I hope they are correct. We attach a paper issued by the Institute... Read more

If you have an SMSF, and you are an employee, you have an obligation to meet the SuperStream requirements for standards of contributions to your fund. As such you are required to provide your employer with the following information:  Your SMSF’s Australian Business Number (ABN)  Your SMSF’s bank BSB and account number for receipt of contribution payments  An electronic service... Read more

A business registration certificate no longer needs to be on display, following legislation in 2012. However, some businesses may choose to display the ASIC record of registration that is issued upon successful business name registration and renewal. Businesses are still required to display their business name prominently in places they are open to the public. If you need to check... Read more

A one-off grant of $2000 will be paid to businesses that create a new full-time NSW-based job and maintain the increase for at least 12 months. For part-time positions, the grant will be pro-rated based on hours of employment. A business will receive the grant if all the following employment conditions are met: A person is employed in a position... Read more

Many of my clients belong to the wealthiest generation in history. Over almost thirty years I have served as their chartered accountant, sounding board and I’m proud to say their trusted advisor. For well-off individuals with a long history of managing the strategic and practical aspects of their financial affairs, there are some challenges to overcome to achieve a time... Read more

If you are over 55, you are able to access your superannuation while still working via a Transition to Retirement income stream, to reduce tax and boost your superannuation balance. This enables two options: Reduce your work hours and use your superannuation income stream to top-up your income, or Continue to work full-time, boost your superannuation balance while maintaining your... Read more

We have been involved in countless sales and purchases of businesses over many years. The financial analysis and objective “on-paper” review of a business is relatively straight forward. In my experience, there are some non-financial issues that warrant as much or more attention when buying a business. Here I share some commonalities of business purchases that were set up for... Read more

This year is already racing by. But before we get to the end of another financial year, take some time to think about how well you have looked after your superannuation savings this year. Australians have saved over $1.5 trillion in superannuation. That’s a lot of zeros. So how much belongs to you and are you saving enough to pay... Read more

With the end of the financial year fast approaching, now is an appropriate time for tax planning. Here we highlight the most relevant strategies for our clients. For further information and advice specific to your situation please contact us as soon as possible. For Individuals 1. Capital Gains Tax (CGT): Capital gains can be offset against losses, so now is... Read more