accounting Tag

Have you prepared for changes in income protection?

By Aurora Pham With effect from March 31 2020, APRA expects insurance companies to discontinue issuing any new contract where insurance benefits are not based on income at time of claim, including Agreed Value income protection policies. It’s often not until tragic things happen that people realise...

How the ATO is Tackling the Black Economy

The black economy involves dishonest and criminal activities that happen outside the tax system. It encompasses many elements, from the under-reporting of income and non-payment of superannuation through to serious criminal activities such as money laundering, illicit tobacco and the illegal drug trade. By avoiding their tax...

What does a financial planner do?

Needing expert advice on how to reach your financial goal? It might be a bit overwhelming to acknowledge the challenges that come with taking control of your finances. But there’s no need to worry, as long as you know who you should call for help. Let’s first...

Christmas Parties and Gifts: Tax and FBT Issues For Employers

It's Christmas time and we are all looking forward to the office parties and catch-up dinners, so we thought we'd put together this great Christmas tax read on holiday expenses! We’ll focus on the tax implications of holding Christmas parties (inside or outside the office) and also...

Full circle of life 

Aging is inevitable - though we can delay the implications a little with science and technology, keeping out of the sun and being fit and healthy!  We are all familiar with each of the life stages people go through. As we age, our level of definition...

Estate Planning and Digital Assets

What happens to your loyalty points when you're gone? Do you know if you can pass ownership or control of "digital assets" on to your family?  What happens to your Facebook, Frequent Flyer Points, Instagram, Emails, Twitter, YouTube and more when you’re gone? Estate planning and succession...

Beware of Super Guarantee Contribution penalties

If you run a business, you need to be aware of the regulations surrounding superannuation contributions for your staff: The rate for contributions paid by employers on behalf of their employees under the super guarantee for the year ending 30 June 2020 remains at 9.5%.   ...

Watch out – myGov Tax Scams are coming!

It’s tax time! If you are one of the 7.7 million myGov users, make sure you read this through!      Adelaide - Family business owners, private businesses and all taxpayers are warned to act vigilantly against scams. Tax time is upon us and with it comes a...

Why KMT Partners Accountants and Wealth Advisors clients love the new App

 The Brand new App from KMT Partners Accountants and Wealth Advisors  It’s now 4 weeks since KMT Partners Accountants and Wealth Advisors launched the new iPhone and Android App.  Since then, clients and contacts have downloaded it across Adelaide South Australia. The App has generated some fantastic...

It’s Landed!!

The Brand new App from KMT Partners   As a firm we are constantly looking for ways we can improve the service we offer our customers and we are proud to announce the launch of our brand new KMT App.  It’s completely free of charge and...