Get ready for end of 2024 Financial Year We are almost approaching the end of the 2024 Financial Year. This post provides essential information and tips to help individual taxpayers and business owners prepare for the new year. Individuals (Common Mistakes and Tips)...
Boost Your Business with 120% Deduction for Skills Training & Technology Costs Introduction Discover the latest government initiative for businesses – the Deduction for Skills Training & Technology Costs, designed to offer exciting benefits to eligible...
Super pensions and the Commonwealth Seniors Health Card Are you a self-funded retiree who does not qualify for the Age Pension? If you’ve answered yes, then help may be available for certain living expenses by way of the Commonwealth Seniors Health Card (CSHC). What...
Upcoming trust distribution strategies Introduction If you run your business through a family trust, there’s some good news on the distribution front. In mid-April, the ATO responded to the landmark trust distribution case, namely the Guardian AIT appeal ruling in...
Tax and Property Price Increases With residential property values on a sharp upward trajectory, from a tax standpoint, what does this mean for owners and investors of this style of dwelling? Introduction Domain’s End of Year Wrap revealed that in 2021,...
Topping up your concessional contributions Thinking about making up for lost time and making extra contributions to top up your super? The good news is that the “catch-up” concessional contribution (CC) rules can help individuals who feel they have missed out on...
