Changes to preservation age
Since 1 July 2024, the age at which individuals can access their superannuation increased to age 60. So what does this mean for those planning…
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Spouse contributions splitting
Splitting superannuation contributions to your spouse can be a great way to boost your combined superannuation balances which can benefit you both in retirement. What…
The Instant Asset Write-off that almost never was
Owing to some last minute machinations in the Senate, the $20,000 Instant Asset Write-off (IAWO) for the 2023-24 financial year was only passed into law…
Small business energy incentive
A little known tax incentive that is aimed at encouraging businesses to improve energy efficiency is the small business energy incentive (SBEI). You will have…
CGT & foreign residents: Complex rules apply!
A person who is not a resident of Australia for tax purposes is nevertheless liable for capital gains tax (CGT) on certain assets located in…
Selling a small business operated through a company: Sell the shares or sell the assets?
If you run a small business through a company and you decide to sell it, you have the choice of either selling the business assets…
The importance of “Tax Residency”
Whether you are a resident of Australia or non-resident of Australia for tax purposes has significant consequences for you. Primarily, if you are a resident…
Newsletter – August 2024
Click here for a pdf version of this article. The importance of “Tax Residency” Whether you are a resident of Australia or non-resident of Australia…
Can I add to my super pension?
A common question that is often asked is whether amounts can be added to a superannuation pension account once it has commenced. The short answer…