Many Australians overlook the tax deduction they have available for the premiums paid for income protection insurance. Income protection insurance policies are designed to protect individuals in the event they... read more →
The Budget has made changes that reflect that the current superannuation system is out of kilter with individuals current lifestyles, with the introduction of more flexibility to address this. Concessional... read more →
Individuals can claim tax deductions when giving gifts or donations to organisations that have the status of deductible gift recipients (DGR). To be eligible to claim a tax deduction for... read more →
The Government is now giving individuals a greater incentive to work without being taxed more by making a start to personal income tax relief. The changes will take place from... read more →
The ATO is working with insurance companies to assess artworks and collectables owned by taxpayers and identify the owners of these kinds of assets. There has been an increasing concern... read more →
The Budget has introduced a series of changes to superannuation tax arrangements that are intended to align superannuation with the purpose of providing income in retirement. The key elements of... read more →
The ATO has identified that businesses in the supermarket, bakery, computer system design and car retailing industries often need more help meeting their tax and super obligations. From July 2016,... read more →
This year’s Federal Budget is based on a ten-year enterprise tax plan designed to stimulate more small business activity by boosting new investment, creating jobs and increasing real wages. One... read more →
The setup and maintenance of a website can be a costly expense and the rules in relation to what can be claimed are not always clear. Many of today’s... read more →
The ATO is urging small business owners to adopt the SuperStream standard before the impending 30 June deadline. SuperStream is a standard for submitting superannuation payments and data electronically. It... read more →