by admin | Apr 1, 2023 | Did You Know, News
The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update on the important issues to you, your superannuation and your business. Little has been released to date on the impending Budget beyond the tax on super balances above...
by admin | Mar 17, 2023 | Did You Know, News
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
by admin | Mar 9, 2023 | Did You Know, News
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise...
by admin | Mar 2, 2023 | Did You Know, News
Future earnings for super balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate...
by admin | Feb 15, 2023 | Uncategorized
Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs. What’s a ‘downsizer’ contribution? If you are...
