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Div 296 super tax and practical things to consider

Div 296 super tax and practical things to consider

Division 296 super tax is a controversial Federal Government proposal to impose an extra 15% tax on some superannuation earnings for individuals whose total superannuation balance (TSB) exceeds $3 million as of June 30 of the relevant income year.  This measure...
Finfluencers: Bad tax advice could cost you thousands

Finfluencers: Bad tax advice could cost you thousands

They’re advising you from your Instagram and TikTok feeds; they’ve huge followings, and they speak with conviction – financial influencers, also known as ‘finfluencers’. Please heed our caution; taking advice from unqualified sources can...
Deductions for ATO interest charges scrapped

Deductions for ATO interest charges scrapped

If you’re carrying an Australian Taxation Office (ATO) debt, there is a good chance that it will cost you even more from July 1 2025, onwards. This is because, from July 1 2025, two types of interest charges imposed by the ATO will no longer be deductible. What...
From air fryers to swimwear: Tax deductions to avoid

From air fryers to swimwear: Tax deductions to avoid

With the 2025 tax season fast approaching, the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work-related expenses. This warning is in reaction to a spate of claims that didn’t quite pass the ‘pub test’. Here are...