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Tax

Changes in reporting requirements for not-for-profits

From the end of this 2023-2024 (current) income year, all non-charitable not-for-profits (NFPs) with an active ABN will need to lodge a self-review annual return…. from Changes in reporting requirements for not-for-profits

Tax

Changes to personal income tax

The Federal Government recently announced tax cuts for all Australian individual taxpayers, effective from 1 July 2024. This means that every taxpayer will be paying… from Changes to personal income tax

Tax

Annual trust distribution requirements

One of the many requirements of the trustee(s) of a trust is to make an annual distribution resolution, where annual profits are allocated to beneficiaries…. from Annual trust distribution requirements

Tax

Redrawing on investment loans – what it means for you

If this is your first rodeo with an investment property, you may have learned that the interest charged on investment loans is tax deductible. Hooray!… from Redrawing on investment loans – what it means for you

Superannuation

Now is a super time to get your employees’ Super sorted

The ATO have their super-hero capes on and they are cracking down on late or unpaid superannuation (super) by employers. It is compulsory for employers… from Now is a super time to get your employees’ Super sorted

Tax

Want six months in Bali without the CGT?

Don’t we all. Well, the main residence exemption rule means that you may be able to be absent from your main residence without triggering Capital… from Want six months in Bali without the CGT?

Tax

Have you reviewed your GST registration?

You may be surprised to learn how many different types of businesses are required to register for GST. Who needs to register? Businesses or enterprises… from Have you reviewed your GST registration?

Financial Planning

Your money saving checklist!

Lately I’ve been discussing money-saving tips with clients and identifying small things that can make a big difference. Here is a list of things you… from Your money saving checklist!

Update

Local council farm rate concessions

Properties which are classified as working commercial farms may be eligible for a rebate on their 2023-2024 farm rates. Rebates and rates may differ depending… from Local council farm rate concessions

Financial Planning

Age pension changes

Recent changes to the Age Pension may be welcome news to those who were previously ineligible and for those who are now eligible for increased… from Age pension changes