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Insurance pays off at claim time
27Oct

Insurance pays off at claim time

APRA (Australian Prudential Regulation Authority) confirm that people who obtained life insurance via a financial adviser are more likely to be…

Reverse Mortgage
27Oct

Reverse Mortgage

A reverse mortgage is a type of loan that has been specifically designed for seniors over the age of 62 years…

Downsizing contributions into superannuation
21Oct

Downsizing contributions into superannuation

Contributing the proceeds of downsizing into superannuation measure was one of several announced in the 2017–18 Budget as part of the…

Consequences of not having an estate plan
13Dec

Consequences of not having an estate plan

Estate planning is more than just managing the often significant risks of transferring clients' hard earned wealth.

No CGT exemption for non-residents
13Dec

No CGT exemption for non-residents

From 30 June this year, the general exemption from capital gains tax (CGT) for a principal place of residence will be…

Trusts tax reform set to go ahead under Labour
13Dec

Trusts tax reform set to go ahead under…

As part of its reforms, Mr Shorten outlined that Labor would introduce a minimum 30 per cent tax rate for discretionary…

Do I have to pay tax on my Australian property?
09Dec

Do I have to pay tax on my…

You should lodge a tax return each year and include your “net rental income”, that is, rental income minus rental deductions.…

No Refund of Franking Credits as per Labour
09Dec

No Refund of Franking Credits as per Labour

The house and Government of the Commonwealth of Australia and the Opposition were requested by the Australians, not to change the…

Government’s instant write-off extension
09Dec

Government’s instant write-off extension

The government’s announcement to not only extend the instant asset write-off for small business but also the increase in the limit…

False BAS claims leads to 30-month jail sentence
09Dec

False BAS claims leads to 30-month jail sentence

On Friday, the Maroochydore District Court sentenced a tax payer to two and a half years in jail for GST fraud…

Poll shows over 80% of accountants favour a Liberal government
09Dec

Poll shows over 80% of accountants favour a…

Less than one in five accountants believe a Labor government will deliver better tax policies for the country, new industry polling…

SMSF suffered no pain The Hayne Roral Commission
09Dec

SMSF suffered no pain The Hayne Roral Commission

Two key issues on Superannuation from the Hayne Royal Commission were Agency Conflict and Invisibility of Fees (especially for no service).…

Coalition says ‘no’ to ban on borrowing by SMSFs
09Dec

Coalition says ‘no’ to ban on borrowing by…

The Coalition has recommitted to allowing self-managed superannuation funds to borrow for property despite warnings from regulators that the real estate…

Rental Property owners should avoid common tax mistakes.
09Dec

Rental Property owners should avoid common tax mistakes.

Apportioning expenses and income for co-owned properties - If you own a rental property with someone else, you must declare rental…

Unregistered Tax Agent
09Dec

Unregistered Tax Agent

Using unregistered tax agent is a big risk, as they; 1. may not have a qualification or experinece required of a…