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Make Your Super Work Harder: Unlock an Extra $100k Tax-Free in 2025
Retirement shouldn’t feel like a guessing game. If you’re counting every dollar that will fund those long-planned adventures, or simply safeguard your lifestyle, the upcoming lift in the tax-free super cap could be the edge you’ve been waiting for. Here’s how to seize...
Make Your Super Work Harder: Unlock an Extra $100k Tax-Free in 2025
Retirement shouldn’t feel like a guessing game. If you’re counting every dollar that will fund those long-planned adventures, or simply safeguard your lifestyle, the upcoming lift in the tax-free super cap could be the edge you’ve been waiting for. Here’s how to seize...
Featured Posts
Navigating the Tax Implications of Loans for Starting a Business
Entrepreneurial ventures often commence with the business owner’s financial investment to fuel initial growth and operational stability. A recent legal proceeding underscores the necessity of navigating the complexities of tax legislation when managing company...
The 2024 Fringe Benefits Tax Traps
As the annual close of the Fringe Benefits Tax (FBT) season approaches on March 31, it becomes imperative for business owners to arm themselves with knowledge about the intricacies of FBT and areas likely to capture the Australian Taxation Office’s (ATO) focus. The...
Can an SMSF Invest in Property Development?
In Australia, property investment holds a significant appeal, notably due to the attractive 15% preferential tax rate on income during the accumulation phase and the potential for tax exemption during retirement. This has led many SMSF trustees to consider property...
Understanding the Restructured Stage 3 Tax Cuts
The Federal Government has recently announced a realignment of the personal income tax cuts, initially legislated to commence on 1 July 2024. This realignment is part of a new proposal that seeks to redistribute the tax cuts more effectively. Overview of the Amended...
Navigating 2024: The Key Influences Shaping the Landscape
Uncertainty has cast its shadow over recent years, but are we finally in for a more predictable ride as we step into 2024? Let's delve into the key factors influencing the landscape. Inflation and Labour Dynamics According to RBA Governor Michelle Bullock, "Inflation...
A Taxpayer’s Unconventional Home Loss Claim
There has been a recent controversy in the tax field due to a remarkable case in which a taxpayer, defying the odds, obtained a deduction for a significant loss from the sale of her home. In this blog, we will investigate the specifics of this surprising development...
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Protect Your Business from Costly Division 7A Mistakes
Are you worried about making a costly mistake with your company finances? You’re not alone. The ATO has noticed a lot of confusion when it comes to Division 7A of the Income Tax Assessment Act 1936. Getting it wrong can lead to unexpected tax bills, audits, and stress...
What’s Ahead for 2025?
The past few years have brought plenty of uncertainty, but 2025 offers the hope of greater stability - though there are no guarantees. Here’s a look at the key changes and challenges shaping the year ahead. A Federal Election is Looming Prepare for political...
Say Goodbye to Cheques: What You Need to Know About the Transition
In response to the changing landscape of payments, the government has announced a plan to phase out cheques. The key dates to remember are: cheques will no longer be issued after 30 June 2028 and won’t be accepted after 30 September 2029. The Government is also...
Rental Tips for Property Investors
Six Things To Do Before Renting Out Your Home Are you thinking about moving to a new house but want to hold onto your current property? Turning it into an investment for the short or long-term can be a good option while increasing your cash flow. But before you do,...