How a super recontribution could improve your tax position
Withdrawing part of your superannuation fund balance then paying it back into the account, known as a recontribution strategy, may sound a little strange but it could deliver a number of benefits including reducing tax [...]
Keeping cashflow positive
Managing a healthy cash flow is often tough for small businesses and it is particularly the case right now in the challenging economic conditions Many businesses are facing supply chain issues, utilities and wages costs [...]
Should I put more money into my mortgage?
With interest rates on the rise and investment rules increasingly volatile, Australians with cash to spare may be wondering how to make the most of it. If you have a mortgage, should you make extra [...]
A super window of opportunity
New rules which came into force on July 1 will create opportunities for older Australians to boost their retirement savings and younger Australians to build a home deposit, all within the tax-efficient superannuation system. WORK [...]
But wait, there’s more
Next financial year is also shaping up as a big one for super, with most of the changes announced in the May federal Budget expected to start on 1 July 2022. The Budget included proposals [...]
Tax audit claim stats all accountants in Australia will want to know
Every accountant knows that reviews or audits of your client’s tax returns or financial compliance obligations can sometimes be unavoidable. When an audit hits, this is rarely a reflection of the work put into preparing [...]