by Mark Cusack | Mar 2, 2023 | eNews
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to Superannuation ahead of the 2023-24 Federal Budget. What is the purpose of Superannuation? At first glance, the consultation released by Treasury in February...
by Mark Cusack | Mar 2, 2023 | eNews
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to...
by Mark Cusack | Mar 2, 2023 | eNews
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur while working from home. From 1 July 2022 onwards, you can...
by Mark Cusack | Feb 9, 2023 | eNews
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has been reduced to 55 from 60, more people can...
by Mark Cusack | Feb 9, 2023 | eNews
In a volatile market, keeping to a strategy, or, let’s face it, creating one, can be tough. The downside of not taking time out for your strategy is that you tend to keep a short-term focus at an operational level to try and pick quick wins to generate financial...
by Mark Cusack | Feb 9, 2023 | eNews
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions – changing the goalposts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As a result, many family...
