Tax & Structuring

The Australian Tax Office (ATO) has released new guidance (TD 2024/7) on when financial advice fees can be claimed as a tax deduction. Overall, the ATO has not changed its view but it has given more clarity around the deductibility of upfront and ongoing fees.  Key points to know Some of the key takeaways from [...]

Have you ever wondered how your super balance compares to others in your age group? Or maybe you’re curious about how much you should have saved by now to ensure a comfortable retirement. It’s not always easy to figure out if your super is on track, but understanding how it stacks up can help you [...]

Many professionals (and others) who retire—or are on the verge of retiring—turn their minds to buying farmland and carrying out small-scale farming activities. And some are already right into it. However, there are some important tax considerations that should be borne in mind in any of those cases—the key one being the “non-commercial loss” rules [...]

Christmas is a time for giving, but it’s also a great time to give your future self the gift of financial security. Here are 12 simple superannuation tips to help you make the most of your super fund—wrapped up with a touch of festive cheer! Consolidate your superannuation. If you’ve worked multiple jobs, you might [...]

So, you are undertaking a course or further education that relates to your work or business in some way – and you have to pay for the costs of the training or course. Well, the question of whether you can claim a deduction for this cost as “self-education” expenses is not always a clear cut [...]

With the festive season just around the corner (or already underway), many business owners will be gearing up for year-end celebrations with both employees and clients. Knowing the rules around FBT, GST credits and what is or isn’t tax deductible can help avoid unwelcome surprises on the tax front. Holiday celebrations generally take the form [...]