The ACNC has issued some guidance for charities who provide gifts or honorariums to individuals. The ACNC is concerned that charities may not be complying with the ACNC governance standards in relation to these gifts. Where charities provide small one-off gifts to show their appreciation to individuals who are important to the organisation, the charity […]
In the last budget, the Federal Government announced it would create a new deductible gift recipient (DGR) category for men and women sheds. There are currently about 1,000 sheds around Australia which have a valuable role in reducing social isolation and improving mental health within our communities. The government has now released draft legislation to […]
New legislation has just been passed by the Government that affects tax on your home if you live at the time of the sale overseas. If you sell your Australian main residence when you are foreign resident for tax purposes you will now typically be liable to Capital Gains Tax. The tax would be calculated […]
What a privilege it was to be able to participate in the Great Victorian Bikeride last week to promote and raise funds for the amazing work undertaken by the Summer Foundation. It was also fantastic to be able to enjoy this experience with my son Noah. We rode a total of 326 km over four […]
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 […]
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 […]
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 […]
At our recent employer obligations seminar, our guest presenter reported how labour hire arrangements in Victoria must now be licensed in accordance with the Labour Hire Licensing Act 2018. A labour hire arrangement is where an individual or organisation (known as the “provider”) in the course of conducting a business supplies individuals to work in […]
On 1 July this year we saw the introduction of Single Touch Payroll (STP). STP delivers to the ATO live information about payroll transactions. This enables them to cross match with other authorities and in due course we will see other agencies accessing this as well (eg Centrelink). Information that is reported to the ATO […]
Saward Dawson acknowledges the Traditional Custodians of the land on which we work and we pay our respects to Elders past and present.
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PO Box 1212, Blackburn North VIC 3130
contact@sawarddawson.com.au | +61 3 9894 2500
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