Over 1 billion people worldwide live with some kind of disability – they’re the world’s largest minority. 80% of people living with disability live in the world’s poorest countries; they’re the most disadvantaged. CBM works in ways to transform the lives of people in poverty with disabilities. CBM focus on: • Preventing blindness • Ending […]
With Christmas spirits high, tax doesn’t usually come to mind when employers are buying gifts for their staff. Employers can avoid FBT by providing employees with gifts that cost less than $300 per employee. This threshold applies to each benefit provided, not to the total value of all associated benefits. Employers should also be aware […]
Retirement isn’t necessarily a permanent thing as even the best-laid plans can collapse when circumstances change. The Australian Bureau of Statistics has found the most common reasons retirees return to employment are financial necessity and boredom. But what does this mean when you have already dipped into your superannuation funds? Individuals are able to access […]
Saward Dawson has been a member of Russell Bedford International network since 2007. The network now has firms in approximately 100 countries, with 350 offices, 700 partners and 6,500 staff. This year Russell Bedford was the winner of the International Accounting Bulletin (IAB) Network of the Year award. The IAB world survey ranks Russell Bedford […]
We have prepared the following update in relation to various remuneration matters. Please contact us if you would like to discuss any of these, or if you require further assistance. Taxi travel exemption At present, a benefit arising from taxi travel by an employee can be exempt from fringe benefits tax (FBT). This will be […]
The ACNC’s External Conduct Standards are now in force. These standards set out the ACNC’s minimum requirements for a registered charity that conducts any activities offshore. It is important that Boards understand their obligations under the new standards. Board members may well be surprised by the breadth of the standards, the activities that are covered […]
Company board members, including companies limited by guarantee and incorporated associations, are responsible for ensuring the company meets its PAYG withholding and superannuation guarantee obligations. Failure to do so can result in the board members becoming personally liable for the outstanding amounts, plus interest and penalties. Previously the ATO was required to issue a director […]
Accommodation supplies by registered charities are GST free if the consideration received is less than 75% of the GST inclusive market value of the supply or less than 75% of cost. The ATO provides market value benchmarks for long term accommodation which can be used by most charities. These benchmarks have recently been updated. Previously […]
If an organisation has deductible gift recipient (DGR) status, the organisation can provide tax deductible receipts to its donors. DGR status can also open the possibility of receiving grants from public and private ancillary funds. These ancillary funds are only permitted to provide funds to DGRs. Many government grants are also only available to DGRs. […]
Now is the time to review all your records to ensure you maximise your tax deductions in this year’s tax return. Here are our top tax planning tips for individuals and businesses. The tax return process is made much more efficient if you have all your documentary evidence organised and available by the time we […]
Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present.
Level 1, 20 Albert Street, Blackburn VIC 3130
PO Box 1212, Blackburn North VIC 3130
contact@sawarddawson.com.au | +61 3 9894 2500
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