Capital losses can help reduce NALI
September 15, 2024 12:00 am Comments Off on Capital losses can help reduce NALICapital losses can be used to reduce or eliminate NALI tax exposures in relation to a tainted capital gain, says a legal expert.
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Beware of terminal illness payout time frame
September 12, 2024 12:00 am Comments Off on Beware of terminal illness payout time frameIf an SMSF member is diagnosed with a terminal illness, it is best not to close out the fund before the insurance has been paid, says a specialist.
ATO encourages trustees to use voluntary disclosure service
September 9, 2024 12:00 am Comments Off on ATO encourages trustees to use voluntary disclosure serviceThe ATO is encouraging SMSF trustees to use its voluntary disclosure service to inform it early if a contravention has occurred.
Treasurer unveils design details for payday super
September 6, 2024 12:00 am Comments Off on Treasurer unveils design details for payday super
The government has released further details about the design of its payday super policy including an updated super guarantee charge framework.
Government releases details on luxury car tax changes
September 5, 2024 12:00 am Comments Off on Government releases details on luxury car tax changes
The draft legislation aims to modernise the luxury car tax by tightening the definition of a fuel-efficient vehicle and adjusting the indexation rate.
Most Gold Medals in Summer Olympic Games (1896-2024)
August 28, 2024 12:00 am Comments Off on Most Gold Medals in Summer Olympic Games (1896-2024)Check out which country has won the most Gold Medals in Summer Olympic Games (1896-2024)
Capacity doubts now more common
August 25, 2024 12:00 am Comments Off on Capacity doubts now more commonThe partner of a legal firm specialising in superannuation has revealed the concept of SMSF member mental capacity is becoming more prevalent in estate planning challenges, prompting the need for practitioners to amend their procedures regarding all fund actions.
It’s never too early to start talking about aged care with clients
August 22, 2024 12:00 am Comments Off on It’s never too early to start talking about aged care with clientsFinancial planning professionals should be having conversations with their clients as soon as possible about their aged care needs, says a specialist adviser.
Warning to micro businesses. ‘Higher taxes for thousands of businesses’.
August 21, 2024 12:00 am Comments Off on Warning to micro businesses. ‘Higher taxes for thousands of businesses’.
The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia.
Insurance inside super has tax advantages
August 20, 2024 12:00 am Comments Off on Insurance inside super has tax advantagesOne of the most significant advantages of holding insurance policies inside superannuation is the tax deduction for life and disability premiums that go towards paying out a disability superannuation benefit, according to a leading technical specialist.
