Downsizer super contributions: getting it right
“Downsizer” contributions let you contribute some of the proceeds from the sale of your home [...]
Getting the benefit of your business tax losses
When you’re starting a new business venture, it may take some time before the business [...]
Thinking about setting up an SMSF?
SMSFs can be a great option for building retirement savings, but they may not be [...]
Claiming work trips for business owners
As a business owner, do you sometimes take work trips? When a trip is clearly [...]
Salary sacrificing loopholes: are you receiving your full benefits?
Most workers understand that their employer must make compulsory super guarantee (SG) contributions of 9.5% [...]
ATO announces “Better as Usual” program to improve your experience
ATO Commissioner Chris Jordan has announced the launch of “Better as Usual”, a new ATO [...]
ATO sets its sights on undisclosed foreign income
Do you have any amounts of offshore income you haven’t declared to the ATO – [...]
Small business income tax gap: ATO update
New figures released by the ATO estimate that almost 90% of income tax from small [...]
Personal services income rules: unrelated clients test
The Federal Court has set aside an Administrative Appeal Tribunal decision that income a business [...]
Compassionate release of super only available in limited cases
The ATO has recently seen a significant increase in queries about compassionate release of super [...]