If you have had a rental or commercial property damaged by recent summer storms (or bushfires or floods) you may have received a insurance payout to cover the damage. You may be surprised to know that this payout is … Read Full Story
The NSW state Government is attempting to help with the housing affordability crisis by making areas around train stations and shopping centres eligible for rezoning for denser development. It will be important to see your tax adviser if you … Read Full Story
If you own a family company, then it is very important how you receive and treat any payments made from the company to you (or your associates – for example, your spouse). And this is simply because any payment … Read Full Story
What happens from a tax point of view when a person leaves Australia partway through the income year? How is the income they derived before that time taxed? And how is any income they derived after that time taxed … Read Full Story
With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider before 30 June 2024. 1 Use the carry forward … Read Full Story
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
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
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
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
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
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