SMSF sole purpose test and fractional investments
To be eligible for superannuation fund tax concessions, self managed super funds (SMSFs) must be [...]
No-cost strategies to increase your super
With all the pandemonium of the new year, your super is probably the last thing [...]
Expansion of Tax Avoidance Taskforce activity
The ATO has recently expanded its Tax Avoidance Taskforce activity to include top 500 private [...]
Better protection for consumers: new ASIC powers
In response to the recommendations of the Banking and Financial Services Royal Commission and the [...]
ATO extends bushfire assistance: lodgements deferred
On 20 January 2020 the ATO announced an extension of the tax assistance package for [...]
ATO backs down from controversial time limit ruling
In 2018, the ATO issued a controversial draft ruling which took a very strict stance [...]
Super guarantee opt-out for high income earners
Under the superannuation guarantee framework, employers are required to contribute a minimum percentage (currently 9.5%) [...]
Tax relief for drought-stricken farmers
With drought sweeping across the country, farmers are being offered access to concessional loans, grants [...]
Less tax for some working holiday makers?
The working holiday tax rate (commonly known as the “backpacker tax”) has generally applied from [...]
Non-commercial losses: do the rules apply to you?
If you have a business in addition to your main employment, the non-commercial loss rules [...]