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Grow Your Super and Get More Money Back at Tax Time
Are you looking for ways to increase your retirement savings and reduce your tax? If so then, you are in luck. There are several ways you can contribute to your super, depending on your personal circumstances.Here is one way you can grow your super and access tax...
ATO Targets Tradies & Their Motor Vehicles
ATO is cracking down on tradies - Here's what you need to know?Businesses can currently claim a tax exemption on work Utes and even Vans, but the ATO is cracking down on their private use. The popularity of many purchasing Utes & Vans has sparked a crackdown by...
Why Do People Commonly Have Cash-Flow Troubles?
People can experience cash flow problems for various reasons, and these issues can affect individuals, businesses, and organisations.Common reasons why people might have cash flow problems: Irregular Income: People with irregular income sources, such as freelancers or...
ATO – General Interest Charge (GIC) or Penalty Remission
The ATO is on the warpath and is certainly not afraid of trying to raise some extra revenue lately.You may have recently been imposed by the ATO with General Interest Charges or Penalties due to personal circumstances for late or outstanding lodgments or possible late...
ATO targets SMSF property schemes – again
Once again, the ATO has targeted SMSF property development schemes that divert profits of a property development project to a SMSF. This time, the focus is on using a special purpose vehicle (SPV), which the SMSF directly or indirectly owns.It appears that some SMSF...
When Can I Access my Superannuation?
In Australia, the age at which you can access your superannuation (retirement savings) depends on your "preservation age." The preservation age is the minimum age at which you can access your superannuation, provided you have met a condition of release.Your...
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