The Holistic Accountant
A holistic accountant goes beyond tax returns, aiming to offer proactive advice to maximise clients' wealth after all taxes. Stuart Wemyss and Mena Abraham explore multifaceted considerations weekly, highlighting the need for a holistic approach. Each episode is succinct and to the point with no fluff or sales pitches. For further details, check out www.prosolution.com.au.
The Holistic Accountant
Did you have to pay more tax on super contributions (Div. 293 tax)?
In this episode, Mena and Stuart discuss whether staff will be deemed contractors or employees, including:
- What is Div. 293 tax and when does it apply
- Is it still worthwhile making additional contributions?
- Can you avoid Div. 293?
- Should you pay the tax from super or personal funds?
- What happens if you breach the concessional cap? Should you take the money as cash salary?
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.
