Superannuation

December 2022 Superannuation Update

Carry-Forward Concessional Superannuation Contributions, Downsizer contributions extended to 60 plus, Cut off Age Raised to 75 for Non-Concessional Contributions, ATO advice for SMSFs considering investing in crypto assets, ATO targeting SMSFs that fail to lodge annual returns and The easy way to collate SMSF information for us and the auditor

December 2022 Tax Update

Electric Vehicle Fringe Benefits Tax exemption, Can I salary sacrifice an electric car, Who cannot access the FBT exemption, Trust distributions and s100A anti->avoidance provision and Protection from scams

2022 Tax & Superannuation Update

Year-end tax tips, important business measures, budget measures for business, superannuation measures and changes on July 1 2022

2021 Tax & Superannuation Update

Year-end tax tips, budget measures for business and superannuation measures

New Mandatory Director ID Required for All Directors

As of November 2021, if you are an ASIC registered director of a company which includes a trustee and SMSF trustee company), you must have a Director ID.

2017 Superannuation Changes

The main superannuation changes from 1 July 2017 are:

  • From 1 July 2017 rental property owners will be unable to claim a tax deduction for travel expenses related to their rental property.

2017 Federal Budget Tax Issues

Rental property travel expenses no longer tax deductible

From 1 July 2017 rental property owners will be unable to claim a tax deduction for travel expenses related to their rental property.  Unfortunately this includes all travel costs eg. to inspect the property,