News
SEARCH CATEGORY
Payday Super: what it will mean for your business
The Payday Super legislation has finally been introduced to Federal Parliament after years of discussion. Designed to put a stop to wage theft in the form of unpaid super, Payday Super will require employers to pay their employees' superannuation at the same time as...
Festive Gift Giving Without The Tax Tangle
As the year wraps up, many business owners want to thank their employees and clients for their support. Before you start wrapping gifts or planning a celebration, it’s worth understanding the tax rules that apply especially when it comes to fringe benefits tax (FBT)...
Proposed Superannuation Tax Reworked
The Federal Government has announced welcome adjustments to the proposed new legislation (Division 296) which seeks to tax earnings on superannuation balances above $3 million. Key changes include: a move to a “realised earnings” approach, meaning that the tax will...
How to Buy your First Investment Property
Buying your first investment property is a big financial step and it pays to approach it with a clear plan. Property can be a powerful way to build long-term wealth, but success often depends on making smart choices from the outset. That means looking beyond the...
ATO Trials AI to Audit Work-Related Expenses
The Australian Taxation Office (ATO) is continuing to expand its use of artificial intelligence (AI) to review taxpayer submitted, supporting documents as part of a broader push to "industrialise" AI across the agency by 2030. Recently, it has started trialling new AI...
Investing in a Self Managed Super Fund Property
Investing in a self-managed super fund (SMSF) property has become an increasingly popular strategy in Australia, offering SMSF members greater control and flexibility over their retirement savings. With the ability to invest retirement funds directly into real estate,...
SUBSCRIBE
Subscribe to our newsletter The Balance and join thousands of other subscribers who receive the latest in taxation, property investing, business and finance news: