$3 million super laws and what they mean for you
In February 2023, the Federal Government let the dogs out, announcing a scaling back of the tax concessions for superannuation balances over $3 million. The results of this […]
News
ATO interest no longer deductible
We all know we get to claim any interest we have paid to the ATO for outstanding debt as a tax deduction. However, from 1 July 2025 you […]
How does this Saturday affect your tax?
While over 1 million people have already voted, the majority of us head to the polls this Saturday to decide our government for the next 3 years. If […]
The Budget implications for Business
What is available and what does the Budget mean for your business? Overall, it has provided very little for small businesses. The 4th Budget release announced on 25 […]
2025 Federal Budget
Treasurer Jim Chalmers has delivered the Labor Government’s 2025-2026 Federal Budget headlined by fresh tax cuts and other cost-of-living relief. The measures have sent the Budget back into […]
Common GST Coding Mistakes
Some businesses are making simple mistakes reporting their GST. The key is to be aware of common issues so you can avoid them. Here are the top mistakes […]
SMSF updates
Recent changes to the rules governing Self-Managed Superannuation Funds (SMSFs) are considerably altering the framework for trustees, investors, and SMSF members. These adjustments are designed to enhance the […]
Changes, Changes, Changes
As of 7 November 2024 the ATO have advised that they have changed how they handle General Interest Charges (GIC) remission requests making it harder & more time […]
Lost Super
According to the ATO, there is currently a staggering $17.8 billion in lost super! Could any of it belong to you? Wouldn’t it be a pleasant surprise to […]
ATO Clearance Certificate Updates
There has been a change in Foreign resident capital gains withholding (FRCGW) rules are starting from 1 st of January 2025. Previously, Australian residents selling a property needed […]