What is SuperStream?

  SuperStream is a new Government reform to simplify the superannuation system and make the payment and reporting of super contributions more efficient. Under the SuperStream reform super contributions MUST be made electronically and pass through the SuperStream Network. The Cooper review defines SuperStream as “…a package of measures designed to bring the back office of superannuation into the 21st century. Its key components are the increased use of technology, uniform data standards, use of the tax …

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Bookkeeping

Bookkeeping, Getting It Right

Bookkeeping and end of year document preparation can be time consuming and mind numbing for many people. The options on how to get yours ready year in and year out also seem endless. It’s not about what works for someone else; it’s what will work for you, your business and your future. What Are Your Options? While many accountants can be costly to prepare your end of year financial statements, Business Edge Accountants looks to establish a …

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Rental Properties

Rental Properties & Tax Returns

Living in Albury Wodonga has its perks, with some of the highest growth and investment opportunities for rental markets in Australia. A Rental Property can be a great investment  and it can also help your Tax Return and be very advantageous for people with high taxable incomes when it comes to holding a property that’s properly negatively geared. Rental Property Tax Returns can be very complex and a difficult area to navigate for most people and it’s important …

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Lodging Your Tax Return for 2014

It’s that time of year, everyone is getting their payment summary and getting ready to see if they will get a Tax Refund. Each year you have to prepare and lodge a Tax Return in Australia if you earn a Taxable Income, generally over $18,000. Some other people need to lodge a Tax Return to assist with Centrelink or Child Support payments, or just to get back their Franking Credits from Dividends. Tax Returns have to be …

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Forecast

12 Ways to Reduce Your Tax

The end of the 2013/14 financial year is almost here, so now’s the time to review what strategies you can use to minimise your tax. Your end of year tax planning starts now, there is no time for you not to miss out on an opportunity. Take the time to read the information below and feel free to contact us to find out more or make an appointment to make the change.  #1 | Superannuation Contributions Individuals …

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