Y Partners Blog

Get your PAYG Withholding Obligations Right

All businesses, including not-for-profits, are now required to meet their PAYG withholding obligations before they can claim deductions for payments to workers – for example, salary, wages, bonuses, directors' fees and payments under a labour hire agreement. 

Payments to contractors where the contractor does not provide their ABN are also covered by these new rules.  Read more…

5 Tax Tips for Individuals

 A few common areas that can trip individuals up when they are preparing their tax returns are:
  1. including all assessable income;
  2. ensuring expenses claimed are deductible;
  3. determining whether superannuation contributions are deductible;
  4. determining Australian tax residency status; and
  5. keeping the right records to support your claims.

Read more…

When you're working towards your financial goals, you might be faced with all sorts of hurdles along the way. But could your own behaviour be the biggest stumbling block of them all? 

Becoming financially secure doesn't just happen overnight. First you need a plan, and then you need to put in the hard yards to see it through. 

But even with a watertight financial plan, life has a habit of throwing unexpected challenges our way which steer us off course. In many cases these challenges may be beyond our control, like being retrenched or losing a loved one. But what about the factors you can control, like your own financial behaviour?  Read more…