Articles
Six super strategies to consider before 30 June
With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six ...
Family Companies and the Many Tax Traps
Understanding payments, loans, and the importance of compliance Operating a family-owned business introduces a unique set of challenges, particularly in the realm of tax management. ...
Understanding Your Super Guarantee Obligations: ATO’s New Nudge Pilot Initiative
The ATO is expanding its use of data to help employers meet their super guarantee (SG) obligations. From March 2024, the ATO will conduct a small nudge ...
Navigating the Tax Maze: Selling your home to a developer?
The NSW state Government is attempting to help with the housing affordability crisis by making areas around train stations and shopping centres eligible for rezoning ...
NFPs May Need To Register For Income Tax Exempt Status
There have been changes to the administration of not-for-profit organisations that self-assess as income tax exempt. Key changes If your not-for-profit organisation has charitable purposes, ...
Leveraging Fringe Benefits: Navigating Work-Related Item Exemptions for Maximum Advantage
The most cost-efficient benefit an employer can give an employee is one that is both deductible for income tax purposes and exempt from Fringe Benefits ...
Super contribution caps to increase on 1 July
For the first time in three years, the superannuation contributions are set to increase from 1 July 2024. Contribution caps to increase Due to indexation, ...
Returning To Work After Retirement
Most people look forward to retirement as it is a chance to finally relax, enjoy life, and do things they never had time for when ...
Important Update on Tax Rate and Medicare Levy threshold for 2024-25
The Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 was introduced into Parliament on Wednesday 6 February 2024, bringing changes to existing individual ...