The tax advantages of using a family trust are well known – in particular, the ability to split income among family members so that a
What’s next for tax and productivity reform? Last month’s economics and productivity roundtable concluded with a clear message: the government is keeping tax reform firmly
When someone passes away without a valid will, this is known as intestacy. In this situation, the law in each state and territory sets out
Many people spend their own money on attending courses that will hopefully make them more employable and maybe earn a higher income. That’s a good
Superannuation is a great way to save for retirement, but the government sets strict limits on how much you can contribute each year. These limits
If you buy a property in an off-the-plan purchase, there are some important CGT issues to be aware of – especially in the context that
The tax deductibility of clothing is a topic that often confuses taxpayers, as the rules are specific and nuanced. However, the ATO sets clear guidelines
A suitable path to retirement control? Self-Managed Super Funds (SMSFs) are a key part of Australia’s superannuation system, offering control over retirement savings. As of
Given the past history, not very much, unfortunately. The Treasurer, Jim Chalmers, has convened a Productivity Roundtable for late August, with three main areas
Government concession cards, including the Commonwealth Seniors Health Card, Pensioner Concession Card, Health Care Card and state-based Seniors Cards provide significant savings. These cards help
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