News

Will 2024-25 be another year of volatility or a return to stability? Personal Tax & Superannuation From 1 July 2024, personal income tax cuts are

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s

New Instant Asset Write-Off Threshold: Boosting Small Business Cashflow Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year

ATO’s warning on common Division 7A mistakes The ATO is warning that a series of common mistakes are being made in relation to Division 7A,

What did I miss? This month, the ATO has issued a warning on trust distributions, we explore the issues. Plus, this month, the House of

5 June Lodge tax return for all entities with a lodgment due date of 15 May 2024 if the tax return is not required earlier

The Treasurer is promising that inflation will decline by 0.75% as a direct result of the 2024-25 Federal Budget initiatives including energy relief for all

What did I miss?   This month, self-education deductions denied by the AAT for a dental technician studying to be a registered dentist and the

It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and

The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst.   The average price of a home in

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what