The Federal Government delivered the Federal Budget on Tuesday 14th May 2024. Key Announcements made in this budget Stage 3 Tax Cuts The Government’s changes to the Stage 3 tax cuts are a key element of the Budget. The
The Federal Government delivered the Federal Budget on Tuesday 14th May 2024. Key Announcements made in this budget Stage 3 Tax Cuts The Government’s changes to the Stage 3 tax cuts are a key element of the Budget. The
Catch up contributions may be available to taxpayers who have a total balance in superannuation of less than $500,000 at the end of the previous financial. If they qualify, they may be able to utilize their unused conces
According to the Australian Securities and Investments Commission (ASIC), there has recently been a surge of promoters encouraging individuals to set up self-managed superannuation funds (SMSFs) in order to invest in c
We are pleased to supply you with the latest edition of Client Alert, which contains information on several important taxation developments up to and including 24 January 2022. COVID-19 vaccination rewards: tax implicat
Insurance within super is usually the most cost-effective way for an individual to cover themselves in the event of a mishap. Most super funds typically offer three types of insurance for their members: life cover, total
Having a self-managed superannuation fund (SMSF) gives you control and flexibility over how you make investments and prepare for retirement. It’s important to get your deductions and record keeping correct for the SMSF
Due to the ongoing economic impacts of COVID-19 on large parts of Australia, the ATO has announced the extension of various COVID-19 relief measures for trustees of self managed superannuation funds (SMSFs). The relief p
Employers get ready – there’ll soon be an extra step involved when it comes to hiring new employees. From 1 November 2021, employers will need to determine if a new employee has a “stapled” super fund and request
The government’s long-slated “flexibility in superannuation” legislation is finally law. This means from 1 July 2021, individuals aged 65 and 66 can now access the bring-forward arrangement in relation to non-conce
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