Recent ATO guidelines: Section 100A and Family Trust Distributions
Home | Articles | Recent ATO Guidelines: Section 100A and Family Trust DistributionsWhat is Section 100A (S.100A)?Section 100A, also known as S.100A, of the Income Tax Assessment Act 1936 is an anti-avoidance rule in Australian tax law. This pertains to a...
What is a Superannuation Standard Choice Form?
Home | Articles | What is a Superannuation Standard Choice Form?Super Choice, short for Superannuation Standard Choice Form, is used to let employers know their employee's selected superannuation fund. Superannuation funds, often referred to as super funds, are a type...
Super Due Dates
Home | Articles | Super Due DatesAs an employer, you have specific responsibilities to fulfill regarding superannuation contributions for eligible employees, who are essentially those classified as employees under superannuation regulations. One such responsibility is...
Understanding Stamp Duty (NSW): A comprehensive guide for property buyers
Home | Articles | Understanding Stamp Duty (NSW): A comprehensive guide for property buyersStamp duty, or transfer duty, is a tax that most purchasers are obligated to pay when acquiring a residential property or vacant land in Australia, including NSW. The NSW...
Understanding how to withdraw super
Home | Articles | Understanding how to withdraw superWhat is superannuation?Superannuation, commonly referred to as 'super,' is a long-term investment designed to provide financial stability during your retirement years. It functions by pooling funds into a super...
Exploring Small Business Grants NSW
Home | Articles | Exploring Small Business Grants NSWA business grant is money given by the government to help small businesses. This financial help from the government aims to help small businesses expand, develop new ideas, or get back on their feet after tough...
Navigating the Shift from Temporary Full Expensing to Instant Asset Write-Off for the 2024 Financial Year
Navigating the Shift from Temporary Full Expensing to Instant Asset Write-Off for the 2024 Financial Year. The impending expiration of the Temporary Full Expensing (TFE) at the close of the 2023 financial year means that businesses will revert to the Instant Asset...
Understanding Capital Gains Tax on Inherited Property in Australia
Understanding Capital Gains Tax on Inherited Property in Australia. If you are an individual beneficiary or a Legal Personal Representative (LPR) who has inherited Australian residential property from a deceased estate, you may be eligible for comprehensive or partial...
Guide to Claiming Fuel Tax Credit for Your Business
Guide to Claiming Fuel Tax Credit for Your Business. Claiming Fuel Tax Credits is an opportunity for businesses who have bought fuel, such as petrol, diesel, or other eligible fuels, for business activities. The tax credit, determined in cents per litre, can be...