Is Your Family Home Really Tax Free?

Is Your Family Home Really Tax Free?

Explore the intricacies of the main residence exemption for capital gains tax. Find out how generating income from your home affects your tax status and learn strategies to navigate these rules effectively.

The Essential 30 June Tax Guide

The Essential 30 June Tax Guide

Explore our EOFY Tax Planning 2024 Guide! Learn strategies for maximising deductions, boosting super contributions, and managing business write-offs effectively. Get insights on navigating ATO scrutiny and enhancing your financial outcomes before June 30.

30 June Tax Tips – For Businesses

30 June Tax Tips – For Businesses

With the end of the financial year just around the corner we highlight below the main points worth considering this tax time. It is worth noting that we would always recommend sitting with your tax adviser who would be best positioned to advise on a tax strategy for your individual business.

EOFY Tax Planning for Individuals

EOFY Tax Planning for Individuals

  * Updated for EOFY 2023 * The end of the financial year (EOFY) is an important time, not just for small businesses, but also the individuals. Putting the hard work in each financial year can help you get your personal and professional life organised so that you...
Get Ready for EOFY: Tax Planning

Get Ready for EOFY: Tax Planning

  As we now roll into the final quarter of the 2022/2023 Financial Year in Australia, it’s the perfect time to think about wrapping up and looking ahead for the new financial year. Here are a few handy tax planning reminders for small businesses out there....
The ‘Super’ Wars

The ‘Super’ Wars

A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.

The ATO’s final position on risky trust distributions

The ATO’s final position on risky trust distributions

The ATO has released its final position on rules dealing with trust distributions – changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. More here…

Is ‘downsizing’ worth it?

Is ‘downsizing’ worth it?

From 1 January 2023, the age limit for downsizer contributions reduced to 55 from 60, giving more people the opportunity to use this strategy to increase their superannuation if needed.

Acquiring collectibles inside SMSF

Acquiring collectibles inside SMSF

To be compliant, your SMSF assets must be acquired for the sole purpose of providing retirement benefits to members, or to their dependents if a member dies before retirement.