Nov 4, 2024
Can you claim a tax offset?
A tax offset reduces the tax you pay on your taxable income. Most offsets aren't refundable, which means they can't reduce your tax below zero. However, some (such as the private health insurance tax
Oct 9, 2024
Valuing fund assets for SMSFs
If you are the trustee of a self-managed super fund (SMSF), each year you need to value your SMSF’s assets at market value and provide supporting evidence to your auditor. Market value of an
Oct 9, 2024
Do You Rent Out Your Holiday Home?
If you own a holiday home you might rent it out at times when you’re not using it yourself. This article considers some of the tax issues you need to be aware of. Remember, you should seek
Sep 12, 2024
Accessing Super From Age 60 to 65
From 1 July 2024, the rules for accessing superannuation became somewhat simplified: the preservation age when you can begin to access your benefits is now effectively age 60. However, until you
Aug 13, 2024
Time for a super check-up
The new financial year has begun, and with it have come some important changes to superannuation from 1 July 2024. With these changes coming into effect, it's a good time to give your super a
Jul 7, 2024
Refinancing Your Debt With The ATO
The ATO has turned to more aggressive tactics to collect the outstanding debts. This includes reporting amounts outstanding to credit reporting agencies, which will sit on your credit file. This will
Jul 7, 2024
Early Access to Super For Dental Work
The Dental Board of Australia has raised concerns regarding growing reports of dental practitioners encouraging patients to access super in order to fund their dental care. Administered by the ATO
Jul 7, 2024
Tax time scams: be on guard
As tax time approaches, reports of ATO impersonation scams are on the rise. Taxpayers should continue to exercise vigilance and think carefully before acting on any unsolicited contact from entities
