Can my SMSF invest in property development?
February 13, 2024Read moreAustralians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of large returns from property development. We look at the pros, cons, and problems that…
0When the evidence doesn’t match what the taxpayer tells the ATO
February 13, 2024Read moreA recent case before the Administrative Appeals Tribunal (AAT) highlights the importance of ensuring that the evidence supports the tax position you are taking.
The Redesigned Stage 3 Personal Income Tax Cuts
January 30, 2024Read moreThe personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government.
Contractor or employee?
January 30, 2024Read moreJust because an agreement states that a worker is an independent contractor, this does not mean that they are a contractor for tax and superannuation purposes, new guidance from the ATO warns.
Christmas Donations
December 13, 2023Read moreAs part of our Christmas cheer and spreading this to those around us, we are donating to 2 very worthy causes – The Smith Family and Orange Sky Australia.