RSM Australia

Insights for Individuals

Insights for individuals

Tax and retirement planning for a Swiss Expat in Australia

19 June 2020
Tom Huberli
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Employee Home Office Expenses

12 June 2020
Ian MacPherson
Due to the spread of COVID-19 and Government lockdown measures, most employees across Australia are relishing in the flexibility of being able to work from home.
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Work from the Cloud - Part 1

13 May 2020
Laurel Grey
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Treatment of exploration costs in presenting pro forma net assets

30 April 2020
Justin Audcent
Public documents issued to shareholders and potential investors, such as IPO prospectuses and documents seeking shareholder approval for a proposed acquisition or other transaction – will usually include a pro forma statement of net assets, in order to illustrate the impact of the proposed transaction on the company’s financial positi
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IIA's Procurement Integrity (Probity) Paper

24 April 2020
Michael Shatter
Probity is often considered as the "integrity & uprightness" of a process. A pragmatic approach to probity means maintaining flexibility in a controlled manner within an acceptable and defensible probity framework.
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Home office security essentials and tax deductions during COVID-19

26 March 2020
To minimise the spread of COVID-19, businesses across the globe are hurrying to implement remote working for employees.
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Agribusiness - Coronavirus Pandemic

23 March 2020
William Laird
The Coronavirus pandemic has arrived in Australia at a time when farmer sentiment was on the rise, following some widespread rainfalls and a touch of green appearing across parts of the country. 
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Insolvency - Temporary relief for financially distressed businesses

23 March 2020
Greg Dudley
The Government has announced measures to extend relevant time periods for the expiration of statutory demands (Companies) and bankruptcy notices (Individuals) from 21 days to six months.
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Income relief – Coronavirus Supplement

23 March 2020
Coronavirus supplement
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Superannuation-related stimulus measures

23 March 2020
Brad Eppingstall, Katie Timms
The second government stimulus package has included some measures specifically aimed at superannuation.
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Government Stimulus Package

13 March 2020
Tracey Dunn
The Federal Government has announced a $17.6 bn economic stimulus package proposed to support businesses, keep Australians in jobs and support households. 
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COVID-19 Pandemic Response Planning

12 March 2020
Jacob Elkhishin, Jeremy Elman
On the 30th of January 2020, the World Health Organisation (WHO) officially declared a Global Public Health Emergency in the wake of the continued spread of COVID-19 (formerly known as the Coronavirus) throughout Mainland China, Asia and Europe.
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Safe keeping of important documents - don't wait until it's too late

30 January 2020
Robert Crombie
Typically, most families have a room in their house which is allocated to be an office.
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The power of a small investment into superannuation

18 December 2019
Kirsten Genter
You’ve recently graduated as a medical professional after years of hard work and endless hours hitting the books.  As tempting as it is to use your well-earned income on a feature-packed credit card and a new BMW, have you considered the power of a small investment into your superannuation? 
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New Long Service Benefit Scheme for Contract Workers

29 November 2019
Workers in the contract cleaning, security and community services sectors in Victoria are now able to access long service entitlements, even if their employer changes.
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Downsizing to improve your income in retirement

4 November 2019
Tim Grapiglia
Have you worked hard your whole life, but feel like you have not accumulated enough to fund your retirement? Well, downsizing could be the solution for you.
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Downsizer Contributions - your choice of super fund matters

29 October 2019
Daniel Purslowe
You’re thinking about moving home and expect to have some remaining funds after the move. You know about the downsizer contribution rule, you’ve read a few articles and you’re ready to go. Before you go any further, here's a few questions you might not have thought about.
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Downsizer Contributions impact on the Age Pension

11 October 2019
Nathan Walker
By making downsizer contributions, it’s important to be aware of the impact this may have on your Centrelink entitlements such as the age pension or for self-funded retirees, the benefits under the Commonwealth Seniors Health Card (CSHC).
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What happens to property you may own in the event of your death?

9 October 2019
Kian Ghahramani
You know the saying, there are two certainties in life: death and taxes and I'm going to be covering both of those. This article highlights what happens to property you may own or control on your death. 
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Leaders and their Legends | Jess Olivier

9 October 2019
Based in Sydney, Jess Olivier is a director of the Tax Services division specialising in R&D tax. Jess is also a busy mum to Ted and Elsie Olivier. 
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Understanding the new and improved downsizer contributions rules

8 October 2019
Robert Zammit
A variety of factors come into play when determining if you should downsize the family home.
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Superannuation Legislation for High Income Earners

4 October 2019
Peter Nicol
The Government has passed superannuation legislation for high income earners (with income exceeding $263,157 per annum) which allows employees with more than one job to choose not to have the 9.5% superannuation guarantee paid by all their employers.
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Who needs insurance more - Raj or Wonder Woman?

9 September 2019
Coming from different walks of life, when it comes to lifestyle protection, would Big Bang Theory’s Raj or Wonder Woman need insurance more? 
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Super members and trustees - are you ready for 30 June 2018?

14 June 2018
Katie Timms
With the new financial year almost upon us, are you ready for it?  Self-managed superannuation fund (SMSF) trustees have some critical reporting dates coming up. The first of these occurs on 30 June 2018 and thereafter quarterly reporting kicks in. 
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ATO's final position on SMSF pension reporting requirements

9 November 2017
Brad Eppingstall, Katie Timms
With the introduction of the new $1.6m Transfer Balance Cap or limit on pensions, from 1 July 2017, the ATO and self-managed superannuation fund (SMSF) industry have been in discussions about the reporting requirements to the ATO.
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Downsizer contributions

10 August 2017
Katie Timms
The 2017 federal budget was a quiet one for superannuation with no substantial reforms or tinkering with the system. One reform announced was the ability for amounts to be contributed to superannuation over and above the current limits where individuals are downsizing their primary residence. 
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Choosing capital gains tax relief

10 August 2017
Brad Eppingstall, Katie Timms
A key component of the Fairer Super reforms is the ability for superannuation funds impacted by the reforms to revalue their assets to their current market value for taxation purposes.
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Superannuation - there can be traps for the unwary

25 July 2017
Lindsay Prosser
In the lead up to 30 June no doubt cash flows and taxation projections were a focus for many SME owners.  One of your plans could have been to contribute a sum of cash into superannuation and claim a tax deduction. 
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Superannuation Changes - Your questions and our answers | Part 2

2 March 2017
Brad Eppingstall, Katie Timms
Following on from Part one of Superannuation Changes -  Your questions and our answers, below we explore some other key questions regarding Capital Gains Tax Relief, Estate Planning and Contribution Issues.  
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Superannuation Changes - Your questions and our answers | Part 1

2 March 2017
Brad Eppingstall, Katie Timms
Below we explore some of the most common questions our team has been asked about the upcoming changes. Part one hones in on concerns around the Transfer Balance Caps. Part Two examines other key areas.
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The five new rules of super

6 December 2016
Katie Timms
Following extensive debate and conjecture, the 2016 Budget announcements making widespread changes to the superannuation system have been passed. Learn more about the five new super rules...
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Budget 2016 for Superannuation

4 May 2016
Katie Timms
The Government took a hard, and potentially unpopular line on superannuation tax concessions in the 2016/17 Budget, with changes including:
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Budget 2016 - Summary of tax rates and thresholds for individuals

4 May 2016
Katie Timms
Resident taxpayers The current 2015/16 tax rates (including the 2% temporary budget deficit levy, but excluding the 2% Medicare levy) are: 2015/16 Income Year
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Budget 2016 for Individuals

3 May 2016
Katie Timms
Key announcements There are very few Budget measures impacting on personal income taxes for individual taxpayers and families.  The key change for individuals is an increase to the threshold at which the 37% marginal tax rate for individuals commences.
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Instinctive leadership - how to improve your management style

3 March 2016
Have you ever wondered who you are, where you get your sense of self from? The answer is your unconscious self, and it may surprise you to learn that we’re largely unconscious beings. That all runs well most of the time, and is especially helpful when high speed physical responses are needed.
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