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The Super Guarantee Rules Catching Venues and Gym Owners by Surprise
If you're a business owner, the last thing you want is unexpected financial obligations sneaking up on you, especially those tied to superannuation. Recent developments have highlighted that venues, gyms, and many other businesses may unknowingly be exposed to...
The Super Guarantee Rules Catching Venues and Gym Owners by Surprise
If you're a business owner, the last thing you want is unexpected financial obligations sneaking up on you, especially those tied to superannuation. Recent developments have highlighted that venues, gyms, and many other businesses may unknowingly be exposed to...
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Property and Lifestyle Assets Under the Spotlight
Do you own an investment property or perhaps a luxury asset like a boat or aircraft? The ATO is examining your tax return to ensure that what you declare adds up. The Australian Taxation Office (ATO) has introduced two crucial data-matching programs targeted at...
Divorce, You, and Your Business
Going through a divorce is tough, and it’s not just the emotional and financial strain you need to think about. Plenty of issues need sorting out, especially if you’re running a business. What Happens When There’s a Family Company? Suppose you and your partner have...
When is a Gift Not a Gift?
Imagine receiving over $1.6 million in your bank account and thinking it’s a generous gift. But what happens when the Tax Commissioner decides it’s actually income, and you’re suddenly facing a hefty tax bill? That’s exactly what happened in the intriguing case of...
Will 2024-25 be another year of ups and downs or a return to calm
Personal tax & super As you may be aware (thanks to the $40 million public education campaign), personal income tax cuts became effective on 1 July 2024. At the same time, the superannuation guarantee (SG) rate jumped by 0.5% to 11.5%. For employers, it's crucial...
ASIC fees for 2024-25
In line with an increase in the Consumer Price Index (CPI) for the March quarter, some of ASIC's fees are increased each year from 1 July. Below is a list of fees for some of our ASIC's frequent lodgements. GST does not apply to ASIC fees. Company fees Company...
Is your family home really tax-free?
When it comes to capital gains tax (CGT), the main residence exemption can help keep your family home tax-free when you sell it. However, like most tax matters, it can sometimes be complicated. As Darryl Kerrigan famously said in *The Castle*, "It's not a house. It's...
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