How to avoid common SMSF mistakes
How to avoid common SMSF mistakes Running your own self-managed super fund can be time-consuming, but it’s about to get a little easier thanks to a change announced in the May 2018 Budget. From 1 July 2019 SMSFs will be able to move to three-yearly audits if they have three consecutive clear audit reports and lodged their annual returns on time. […]
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Tax Alert for June 2018
Tax Alert for June 2018 Budget promises tax cuts now, more later While the May 2018 Budget delivered modest personal tax concessions for the upcoming financial year to Australian taxpayers, the big news was a new long-term tax plan that will overturn the existing progressive tax system. Here’s a roundup of the latest tax news: Tax offsets for lower income […]
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Tax traps for expats
Tax traps for expats Every year more Australians head overseas to work for an extended period. While it can be great fun and a boost for your career, it’s important to remember the tax man will be taking a keen interest in your offshore activities. Whether it is the capital gain on your former home, where your super contributions […]
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Budget changes support a brighter retirement
Budget changes support a brighter retirement With tax cuts grabbing most of the attention in the May 2018 Budget, some quiet tweaks to superannuation and retirement income were drowned out in all the noise. But these small changes could have a big effect on the amount of money that ends up in your nest egg when you retire. Here’s a rundown […]
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Ready…set… Are you good to go for the new financial year?
Ready…set… Are you good to go for the new financial year? The end of the financial year is the cue for most of us to look at our financial position heading into tax time. Hopefully you’ve made progress towards your goals. But if you find that your expenses are trending higher than you’d like or—shock, horror!—higher than your income, this could be the perfect time for […]
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