Articles
Avoid schemes targeting SMSFs
Sometimes promoters of schemes target self-managed super funds (SMSFs). Schemes can include tax avoidance arrangements that inappropriately channel money or assets into your SMSF so ...
Self-education – when is it deductible?
There is no specific provision in the income tax legislation that allows a deduction for self-education expenses. Rather the expenditure falls for consideration under the ...
Discounting your capital gain
The capital gains tax (CGT) discount can reduce by 50% a capital gain that you make when you dispose of (sell) a CGT asset that ...
Super withdrawal options
For individuals who have retired and met a condition of release, or who have turned 65 and are stillworking, you can receive your superannuation as ...
Trusts in Business | Navigating The ATO Crackdown & Evaluating Benefits
Understanding the recent ATO crackdown on trusts The recent ATO crackdown on trusts will no doubt have some business owners (and even some advisors) asking ...
SMSFs & Higher Interest Rates
Impact of Rising Interest Rates on SMSF Trustees with LRBAs SMSF trustees with limited recourse borrowing arrangements (LRBAs) are now feeling the impact of 10 ...
Tax Time: Unexpected first-time debts
For the first time, many Australians are finding themselves in a position where they are being told they owe the ATO money after completing their ...
Super guarantee increases to 11%
The increase to the superannuation guarantee (SG) rate from 1 July 2023 will see more employees (and certain contractors) entitled to additional SG contributions on ...
Fair Work Changes Employers Need to Know in 2023
Although not related to tax, there are a number of changes on the Fair Work front that employers should be aware of: Minimum wage increase ...