Latest News and Posts
- SMSF compliance activity escalationThe ATO has ramped up compliance activity in the self managed super fund (SMSF) space in response to an increasing number of funds that have been identified as not complying with … Read more
- Valuing SMSF assets for your annual returnIf you have a self-managed super fund (SMSF), you need to value your fund’s assets as at 30 June. You must be able to demonstrate that the valuation has been arrived … Read more
- Instant asset write-off: is your business eligible?Remember temporary expensing, which allowed just about every business (unless annual turnover was at least $5 billion) to immediately write off the cost of an eligible depreciating asset? Well, that is … Read more
- NSW property tax to be abolishedNSW first home buyers need to be aware that the First Home Buyers Choice (FHBC) scheme introduced by the former NSW Liberal government in late 2022 may soon be abolished in … Read more
- Super tax concession changes: consultationAs flagged earlier in the year when the announcement was made, the government has released a consultation paper seeking public views and feedback on its proposal to reduce super tax concessions … Read more
- Superannuation tax break changesThe government is seeking to introduce changes to the way super in accumulation phase are taxed over the threshold of $3 million, which will only affect an estimated 0.5% of the … Read more