Category Archives: Tax

New Financial Year rings in some super changes

New Financial Year rings in some super changes

As the new financial year gets underway, there are some big changes to superannuation that could add up to a welcome lift in your retirement savings. Some, like the rise in the Superannuation Guarantee (SG), will happen automatically so you won’t need to lift a finger. Others, like higher contribution caps, may require some planning […]

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Work from home expenses under scrutiny & the perils of browsing Facebook 

Work from home expenses under scrutiny & the perils of browsing Facebook 

If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these expenses as a deduction – but not everything you purchase can be claimed.    The ATO has stated that it is looking very closely at work related deductions that are being claimed. If you […]

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Your SMSF: when expenses and investments are not at arm’s-length

Your SMSF: when expenses and investments are not at arm’s-length

We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members).  We’ve set out some of the common questions and answers.  In general, all interactions between your […]

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