In The News
With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. We explain six superannuation strategies you should consider before 30 June 2024. You’ll need to meet certain eligibility conditions before benefitting from any of these strategies. (April 2024) Read More
What happens from a tax point of view when a person leaves Australia part-way through the income year? How is the income they derived before that time taxed, and how is any income derived after that time taxed (whether from Australian or foreign sources)? (April 2024) Read more
If you own a family company, then it is very important how you receive and treat any payments made from the company to you, your associates or spouse. And this is simply because any payment from a company (other than a return of the original capital) is, in most cases, prima-facie a dividend in the hands of the recipient. (April 2024) Read more
Legislation giving effect to the government’s revised settings for the Stage 3 tax cuts has been passed by both houses of Parliament with the support of the Coalition. We explain the permanent tax savings, how much you can save, how you can shift your taxable income into 2024-25, and bringing deductions forward. (April 2024) Read more
For the first time in three years, the superannuation contribution caps are set to increase from 1 July 2024. Concessional contributions – from $27,000 to $30,000; non-concessional contributions – from $110,000 to $120,000; and the maximum non-concessional contributions cap under the bring forward rules – from $330,000 to $360,000. (April 2024) Read more
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