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Superannuation laws have been simplified over recent years to allow older Australians more flexibility to top up their superannuation....

Probably the most overlooked reason for the housing affordability crisis in Australia at the moment is the capital gains tax (CGT)...

Legislation giving effect to the government’s revised settings for the Stage 3 tax cuts has been passed by both houses of Parliament with...

Did you know you can reduce your income tax by making a large personal tax-deductible contribution from your take-home pay to your super?...

The ATO has just announced that the cents per kilometre rate has increased to 85 cents per kilometre for 2023/24. To recap, there are two...

The Victorian State Government has introduced new measures as part of the 2023-24 Victorian Budget, which have now received Royal Assent....

Tax planning is an ongoing process, but it gains particular importance at the end of the financial year. To optimize their tax position...

For this financial year and moving forward, there are now only two methods to calculate your work from home claim: Revised fixed rate...

You may be able to offset your business loss against other income (such as salary and wages) if you're a sole trader or in a partnership....

Christmas is traditionally a time of giving, including employers showing gratitude to their workers for a job well done throughout the...

Superannuation funds have recorded their worst performance since the global financial crisis, with the median balanced superannuation...

With Australia now opening back up after the COVID restrictions, unemployment is tipped to fall to the lowest rate in just over 50 years...

As we move towards the end of the 2021/22 financial year, there are a number of year-end income tax planning opportunities that may be...

At the start of each year, business owners typically review their affairs, including at times their trading structure. Others may be...

In the May 2019 Federal Budget, the Government announced that Single Touch Payroll (STP) would be expanded to include additional...

You may need to take action to prevent the cancellation of your ABN The ATO has announced that it is continuing to review inactive...

What is a DIN? A DIN is a unique 15-digit identifier that a director will apply for once and will keep forever. A director can only have...

The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal ownership of the asset rests with the...

While most people look forward to receiving a tax refund once their return is processed by the ATO, it is also not unheard of to receive...

The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to make sure you...