SMSFs And Property Development Projects
The ATO continues to see instances in which closely held groups seek to inappropriately divert profits to a related SMSF to access concessional tax rates.…
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Avoid Schemes Targeting SMSFs
Sometimes promoters of schemes target self-managed super funds (SMSFs). Schemes can include tax avoidance arrangements that inappropriately channel money or assets into your SMSF so…
Appointing An SMSF Auditor
Early last month, the ATO issued a reminder around auditors. If you have an SMSF, you need to appoint an approved SMSF auditor for each income year,…
GST Refresher For Your Business
Most businesses are familiar with how GST works. But here’s a few reminders to make sure you’rebeing compliant and maximising your GST claims. GST is…
Costs Of A Caravan/Motor Home For Work-Related Travel
SCENARIO: I run a small business that requires me to travel quite a lot, particularly to country areas where I will often stay overnight. To…
Self-Education – When Is It Deductible?
There is no specific provision in the income tax legislation that allows a deduction for self-education expenses. Rather the expenditure falls for consideration under the…
Discounting Your Capital Gain
The capital gains tax (CGT) discount can reduce by 50% a capital gain that you make when you dispose of (sell) a CGT asset that…
Thought Of Registering A Trademark For You New Business?
The ATO has issued a reminder around trademarks! For background, a trademark legally protects your brand and helps customers distinguish your products or services in…
Newsletter – August 2023
Click here for a PDF version of this article. Trusts – Are they still worth it? The recent ATO crackdown on trusts will no doubt…