If you are aged 55 years or older, the "downsizer contribution" rules enable you to place up to $300,000 from the proceeds of the sale of your home into your superannuation fund (eligibility criteria applies), and recent statistics …
You login to your myGov account to find that your activity statements for the last 12 months have been amended and GST credits of $100,000 issued. But it wasn’t you. And you certainly didn’t get a $100,000 refund …
If everything has gone to plan, you’ll have accumulated enough super throughout your working years to achieve a comfortable lifestyle in retirement. But there’s more than one way that super can be paid …
ASIC’s annual insolvency data shows corporate business failure (those companies entering external administration) is up 39% in 2023-2024, compared to the previous financial year. The industries with the highest …
FACT: When we roll into 01 January 2025, every Baby Boomer will be aged 60 or older – many well cashed up and with a healthy asset base. With surplus time and money on their hands, the great wealth transfer from the baby boomer gene …
With the end of the 2023-2024 financial year fast approaching, we outline the areas at risk of increased Australian Tax Office scrutiny and the opportunities to maximise your tax deductions by 30 June. …
More changes to superannuation are on the way, with the recent announcement that contributions caps will increase on the back of a 4.5 per cent rise in Average Weekly Ordinary Time Earnings (AWOTE) …
The Federal Government has proposed an additional tax in the superannuation space, targeting super funds with balances over $3 million. Draft legislation for this new tax, currently known as Division 296 Tax, was released on 03 Octo …
What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners …
Compulsory superannuation for workers is a vital part of the Australian retirement income system. Introduced in 1992 and known as Superannuation Guarantee (SG), it’s a forced savings scheme designed to provide an income to Australia …