While you’re sorting your income and expenditure at tax time, make sure you know what you’re entitled to as a parent, carer or grandparent. When the cost of raising kids is ever-increasing, every little bit helps and a bigger tax return is generally welcome. These days...
Few structures are as widely used but as little understood as trusts, especially when it comes to the potential tax consequences which can arise where they are misused. A trust is basically a structure which allows a person or company to hold an asset for the...
There’s been a 38 per cent reduction in non-lodgers for SMSFs, but about 30,000 funds remain on the compliance agenda for the next financial year.
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While SMSF practitioners may be familiar with the rules for CGT relief, there are some key areas where professionals are hitting snags with the practical aspects of applying the relief, says a technical expert.
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Whether you're faced with an inheritance, redundancy package or winning lottery ticket, it's wise to consider your financial situation and future goals. For most of us, a financial windfall isn’t something that comes around very often. And while the extra cash is welcome, money matters may...
The government has announced a number of reforms designed to give the ATO more powers to oversee and enforce superannuation guarantee payments.
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The ATO is set to release further guidance outlining the circumstances in which it is appropriate for an SMSF to establish and maintain a reserve.
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Tax time is approaching and that means a juicy refund may be just around the corner. It’s a busy time for scammers too, and last year alone 48,000 Australians fell prey to tax scams between July and October. Already this year, the Tax Office has...
Newly-released draft legislation, which firms up the 2017 budget move to limit investors’ ability to claim travel expenses and depreciation deductions, will “upset the fundamental basis behind our tax system” according to an accounting body.
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Hardly a week goes by without the mainstream media mentioning superannuation. It certainly remains at the forefront of many conversations around the country at the moment! Here is a quick summary of the major changes you need to remember...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.