Following a response to a recent Productivity Commission report into superannuation, the Australian Prudential Regulation Authority (APRA) recently released the first results of it’s annual [...]

All members of an SMSF are required to be either trustees personally, or alternatively directors of a company which becomes a corporate trustee. Ensuring all [...]

In 1998 Division 7A was introduced as an anti-avoidance clause to prevent individuals taking money out of companies in a tax-free manner. Caution needs to [...]

The end of the financial year is a great time for individuals and businesses to get their finances in order. Under the tax law, individuals [...]

Find out if your industry is now required to lodge and what your reporting obligations are. TPAR are an industry-specific report companies need to complete [...]

Single Touch Payroll Single Touch Payroll (STP) is a regime that was introduced 1 July 2018 for employers with 20 or more employees and 1 [...]

The estimated 2021-22 Federal Budget deficit is $106.6 billion, falling to $57 billion in 2024-25 with net debt predicted to peak at $980 billion (40.9% [...]

Your superannuation benefits are not covered by your Will, it is a separate asset from your estate and does not automatically flow to your estate. In [...]

In the 2017-18 Budget a measure was announced allowing contributions from the proceeds of downsizing, as part of the governments package of reforms to reduce [...]

Your guide to Fringe Benefits Tax (FBT).  Should you be lodging an FBT Return where no FBT is payable?   What are fringe benefits? Fringe [...]