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02 Mar 2024

Briefing a barrister

When you’re faced with a complex or high-risk question in tax or super, briefing a barrister can provide you with the expertise and perspective to help you move towards a solution with confidence. Barristers (who are also referred to … Read Full Story

02 Mar 2024

Super contribution caps to increase on 1 July

For the first time in three years, the superannuation contributions are set to increase from 1 July 2024. CONTRIBUTION CAPS TO INCREASE Due to indexation, the contribution caps will increase on 1 July 2024 as follows: ■ Concessional contributions … Read Full Story

02 Mar 2024

Don’t forget the CGT small business rollover

For those who run a “small business” and decide to sell it, the various Capital Gain Tax (CGT) small business concessions are invaluable (as has been noted many times before). Of course, it is great if you can qualify … Read Full Story

02 Mar 2024

Stage 3 tax cuts: A tax saving opportunity?

Legislation giving effect to the government’s revised settings for the Stage 3 tax cuts has been passed by both houses of Parliament with the support of the Coalition. The stage 3 tax cuts changes: ■ reduce the 19% tax … Read Full Story

05 Feb 2024

Returning to work after retirement

Most people look forward to retirement as it is a chance to finally take time to relax, enjoy life and do things they never had time for when they were working. But sometimes things change and some people feel … Read Full Story

05 Feb 2024

Using super to pay the mortgage

Have you reached preservation age and still have a mortgage? If so, you may be able to use your super to deal with your rising mortgage repayments if you meet certain conditions. Introduction The constant increase to interest rates … Read Full Story

05 Feb 2024

Collectables – and Inherited Jewellery

Collectables Capital gains tax does not just apply to “big ticket” items such as real estate, farms and shareholdings. It also applies to a special class of assets known as “personal use assets” and, in particular, those personal use … Read Full Story

05 Feb 2024

Tax issues when dealing with volunteers

From bushfire relief groups, sporting clubs, environmental groups, charity associations and many more, volunteers are an indispensable workforce and support network for many organisations. For most, if not all, having volunteers ready to lend a hand is pivotal in … Read Full Story

05 Feb 2024

Compensation from your bank or financial institution – is it taxable?

Unfortunately, our financial institutions have not always acted as ethically as we consumers would like. Whether you’ve received bad advice or paid for advice you didn’t receive at all, our supervisory and regulatory bodies have sought not only to … Read Full Story

02 Dec 2023

Two “main residences” is possible

The CGT exemption for a person’s home is only available in respect of one home owned at any given time. In other words, you can’t get two main residence exemptions applying to two different homes at the same time. … Read Full Story