News
SEARCH CATEGORY
The company’s money is not your money
Common beliefs like “I can use company money any way I like” or “I don’t need to keep records” are causing Division 7A mistakes, the ATO has told taxpayers. What is Division 7A? Division 7A applies to certain payments, loans and debt forgiveness made by trustees to a...
ATO landlord crackdown
Records of around 2.2 million landlords, tenants and property managers will be used to track down underreported income by the ATO. The ATO is ramping up its scrutiny into millions of landlords’ tax affairs to catch those who fail to lodge income tax returns and who...
What’s ahead in 2025?
The last few years have certainly been a rollercoaster ride of instability. 2025 holds hope, but not a guarantee, of greater stability and certainty.Let's explore some of the key changes and challenges that may lie ahead. An election Welcome to political advertising...
Tax impact of property inheritance
Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries when you are gone. When assets pass from a deceased individual to a...
More Women using ‘Downsizer’ Contributions to Boost Super
If you are aged 55 years or older, the downsizer contribution rules enable you to contribute up to $300,000 from the proceeds of the sale of your home to your superannuation fund (eligibility criteria applies). In 2023-24, over 57% of people making a ‘downsizer’...
Cashflow Troubles
This tax season has seen many of our clients expressing concern about cashflow. Many small business owners are finding the cost of doing business more expensive and cashflow is a key concern. There are some key areas to focus on if you are finding cashflow...
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: