With the tax regulator taking a more aggressive approach to tax debts and reviewing work from home deduction rules, tax issues could become a higher priority in 2022-23. Here’s a roundup of some of the latest developments in the world…
With almost 4 million Australians making work-related car expense claims, the Australian Tax Office has the practice in its headlights. Not only are they on the lookout for people wrongly claiming, but they are also armed with enhanced technology to…
Recent changes to the rules around voluntary superannuation contributions which impact the amount you can transfer into a super pension account, have meant that many older Australians are considering setting up a family trust. Trusts can be an effective way…
“State’s Largest Manufacturer Sheds 1,500 Jobs!” “Telco posts $3bn profit!” Ever wonder why those sorts of headlines sound so shocking? It’s because many people – those who don’t manage money for a living – can’t personally relate. Many simply do…
Most taxpayers aim to make the most of their available tax deductions, but how many of us give much thought to maximising our tax refund when it arrives? The average tax refund in 2016 was $2300i, enough to make a…
Family trusts have stood the test of time as a means of protecting family and business wealth, and managing the distribution of trust income in a tax-effective way. But the misuse of these tax benefits by a small minority periodically…
ATO crackdown on family trusts and GST fraud With attempted GST fraud on the rise and certain family trust payments under a cloud, the tax regulator is stepping up scrutiny of more transactions. Below is a roundup of some of…
Car finance comes in many makes and models, so make sure you compare features before driving away Putting a new car in your garage or choosing a commercial vehicle for your business is something most of us will do many…