Tax consequences of inheriting property
Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your
Are student loans too big?
Australian voters tend to reject US style education favouring more egalitarian systems where income does not determine access. In the US, average student debt is USD
Payday super: the details
‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers. From 1
Property and ‘lifestyle’ assets in the spotlight
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what
It wasn’t me: the tax fraud scam
You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100k issued.
Is your family home really tax free?
The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never
Do your kids really want to take over your business?
Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a dispute right at
Should you be the ‘bank of Mum & Dad’?
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price of a home in NSW is
The essential 30 June guide
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.
Electric vehicles causing FBT sparks
Author: Karina Heydon The Fringe Benefits Tax year (FBT) ends on 31 March. We explore the problem areas likely to attract the ATO’s attention around the
How to take advantage of the 1 July super cap increase
Author: Shaun Allen From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change.
Revised stage 3 tax cuts confirmed for 1 July 2024
Author: James Sanguanchati The revised stage 3 tax cuts have passed Parliament and will come into effect on 1 July 2024. This will mean that more