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A common question that is often asked is whether amounts can be added to a superannuation pension account once it has commenced.
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A common question that is often asked is whether amounts can be added to a superannuation pension account once it has commenced.
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Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many taxpayers won’t give it a second thought.
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Probably the most overlooked reason for the housing affordability crisis in Australia at the moment is the capital gains tax (CGT) exemption for a person’s home…
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There can often be a fine line between whether a person is carrying on property development activities or is “merely realising an asset”.
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If you’re a high income earner, you may soon be asked to pay an extra 15% tax on the amount of concessional contributions that exceed the $250,000 threshold.
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Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing ass…
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The ATO recently made changes to Small Business Superannuation Clearing House (SBSCH). This impacts small businesses who use the SBSCH to make contributions to …
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We highlight the importance of tracking your super balance as it influences various super-related measures and concessions. Your total superannuation balance (T…
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Succession planning involves transitioning control of the business to family members or preparing for its eventual sale, intertwined with retirement and estate …
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With the ATO highlighting errors in rental property returns, investors need to navigate various traps carefully. Key areas of concern include apportionment of r…
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Find out the critical importance of timing when making superannuation contributions to avoid exceeding contribution caps and potential tax implications. A recen…
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While homeowners may overlook these liabilities, they could catch the attention of the Australian Taxation Office (ATO) in the future. Common scenarios leading …
Join Steve Douglas as he discusses:
Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…
We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…
Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…
For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process.
The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …
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