The super cap increase
March 20, 2024Read moreFrom 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change.
0The ATO Debt Dilemma
March 20, 2024Read moreLate last year, thousands of taxpayers and their agents were advised by the Australian Taxation Office (ATO) that they had an outstanding historical tax debt. The only problem was, many had no idea that the tax debt existed.
Getting back what you put in: Loans to get a business started
March 11, 2024Read moreIt’s not uncommon for business owners to pour their money into a business to get it up and running and to sustain it until it can survive on its own. A recent case highlights the dangers of taking money out of a company without carefully considering the tax implications.
Revised stage 3 tax cuts confirmed for 1 July
March 11, 2024Read moreThe revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. Before the new tax rates come into effect, check any salary sacrifice agreements to ensure that they will continue to produce the result you are after.
The Fringe Benefit Tax traps
March 11, 2024Read moreThe Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.