Super, death, and taxes
An interesting finding in the federal government's Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired.
...
04 December, 2020
Tax Planning
How your coming tax cut could pay off
Over the coming weeks, around 12 million working Australians will start receiving extra cash in their pay packets as a result of changes to personal income tax brackets announced by the federal government.
...
24 November, 2020
Budget 2021 – What it means for you
This year's Budget provides tax relief and financial assistance for many Australians, including low and middle income earners, business owners, young workers and social security recipients. We have prepared a short summary of the major initiatives for you to download and share: CLICK HERE TO...
07 October, 2020
Special 2020 Tax Planning Bulletin
In a relatively short period of time, COVID-19 has changed many things – from the way we interact with each other to the way we do business. Whilst year end tax planning is always an important focus, a number of COVID-19 induced factors means that...
01 June, 2020
Getting ready for End of Financial Year 2019
With the end of the 2019 approaching, we would like to draw your attention to some things worth considering as part of your year-end tax planning. As always, we are here to assist you. If you have questions about any of the strategies mentioned in this email,...
20 May, 2019
Why the Government doesn’t want you to understand how franking credits work.
It’s not an accident that understanding how it all works is boring. The detail of tax is a lot like superannuation. It’s complicated and most people find it boring. The thing is, understanding how franking credits can work as a tax loophole is boring on...
15 May, 2019
Budget 2019/20 – Tax Cuts and a Surplus! Can it get any better?
Key points - The 2019-20 Budget “delivers” the long-awaited surplus and increased fiscal stimulus mainly via tax cuts/offsets. - The main risk is that the revenue boost is not sustained & the budget continues to have relatively optimistic assumptions regarding wages growth. - The impact on the RBA...
03 April, 2019
Tax and estate planning traps flagged with pension restructures
While the ATO has previously stated that changing a pension to reversionary after it has been commenced is generally fine where the deed allows it, it may be safest to stop and restart the pension, says a technical expert.
...
16 March, 2019
Bought an investment property? Here’s an App to help you do your taxes
We’re the first to admit that owning property is a tough nut to crack, but for those who’ve made the jump to property ownership, a new app will help you make property tax management that teensy bit easier. If you’re reading this and have purchased an...
13 March, 2019
How Australians will use their tax return
With nearly one in three people planning to save their tax return, have you considered what you might do with yours? This year more than 75% of Australians expect to receive a tax return, with a large portion of the population planning to use the money...
22 January, 2019
