Y Partners Blog

Are you a shareholder or associate of a private company? Does your company have a distributable surplus at the end of the income year? Do you borrow or use business assets for your personal use and enjoyment? If you answered yes to any of these questions, then the legislative provisions of Division 7A of the Income Tax Assessment Act 1936 could potentially affect you.  Read more…

With Christmas just around the corner, here are 5 tips to help plan ahead and avoid a financial hangover on New Year's Day. 

Think back to last Christmas and consider where the extra expenses came from. Was it petrol for the drive to the holiday destination? Gifts for new children in the extended family? Wine for the constant gatherings? And don't forget the taxi fares for the journeys home from nights out.  Read more…

You may have heard about Single Touch Payroll (STP). Single Touch Payroll is a reporting change for employers and has already taken effect from 1 July 2018 for employers with 20 or more employees. However, for employers with 19 or less employees, STP will take effect from 1 July 2019. This is subject to legislation being passed by parliament. Read more…