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Maximise Your Savings: Upcoming Personal Tax Cuts Explained
Imagine keeping more of your hard-earned money in your pocket each year. Exciting news for Australian taxpayers: from 1 July 2026, you'll see welcome changes to personal income tax rates. The latest parliamentary session confirmed the personal income tax rate...
Maximise Your Savings: Upcoming Personal Tax Cuts Explained
Imagine keeping more of your hard-earned money in your pocket each year. Exciting news for Australian taxpayers: from 1 July 2026, you'll see welcome changes to personal income tax rates. The latest parliamentary session confirmed the personal income tax rate...
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The Essential 30 June 2024 Guide
The end of the financial year is just around the corner. Here's a rundown of areas likely to catch the ATO's eye and ways to maximise your deductions. For You Opportunities With the 1 July 2024 tax cuts on the horizon, consider bringing forward your deductible...
Should You Be the ‘Bank of Mum & Dad’?
The transfer of wealth from the baby boomer generation has kicked off, with home ownership at the heart of it. In NSW, the average home price is a staggering $1,184,500—the highest in the country. Following are Canberra at $948,500 and Victoria at $895,000, with the...
Company Money Crackdown
The ATO is tightening its grip on business owners who dip into company funds or use company resources for personal purposes. It's not uncommon for business owners to blur the lines between their personal lives and their business, using company resources as if they...
ATO Sends a Clear Message on Trust Distributions
The ATO is closely monitoring how trusts distribute income and to whom. Trust distribution arrangements have been under intense scrutiny in recent years, so trustees must carefully consider their steps before appointing or distributing income to beneficiaries. ...
Attention SMSF Trustees: ATO Eyes are on Repeated Asset Value Reporting
The ATO has flagged some concerns for SMSF trustees about the casual approach some are taking to asset valuations. More than 16,500 self-managed super funds have recorded the same asset values year after year for three years straight. Many of these are tied up in...
Federal Budget 2024-25: Election Timing, Tax Cuts, and Energy Relief
The 2024-25 Federal Budget marks the third round under the Albanese Government. As we've seen in past years, the big talk is about managing the cost of living pressures and steering the economy towards net zero emissions. Election expert Antony Green considers the...
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