by Pistol | Jun 5, 2024 | eNews
Here’s a summary of the key changes coming into effect on 1 July 2024: Tax cuts reduce personal income tax rates and change the thresholds. Superannuation guarantee increases from 11% to 11.5% – check the impact on any salary package arrangements. Superannuation...
by Pistol | Jun 5, 2024 | eNews
The ATO has warned that it is looking closely at how trusts distribute income and to who. In recent years, how trusts distribute income has come under intense scrutiny. Trust distribution arrangements need to be carefully considered by trustees before they appoint or...
by Pistol | Jun 5, 2024 | eNews
The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions. For you Opportunities Take advantage of the 1 July 2024 tax cuts by bringing forward your deductible expenses...
by Pistol | May 22, 2024 | eNews
Generational succession – handing your business to your kids or family – sounds simple enough. Still, many families end up in a dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational...
by Pistol | May 22, 2024 | eNews
The great wealth transfer from the baby boomer generation has begun, and home ownership is the catalyst. The average home price in NSW is $1,184,500, the highest in the country. Canberra is next at $948,500, followed by Victoria at $895,000, with the Northern...
