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Whether you are a resident or non-resident of Australia for tax purposes has significant consequences for you. Primarily, if you are a resident of Australia for tax purposes you will be liable for tax in [...]

A common question that is often asked is whether amounts can be added to a superannuation pension account once it has commenced. The short answer  Unfortunately, the answer is no. Although your pension account can [...]

Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many taxpayers won’t give it a second thought when tax return software responds with an “invalid” message [...]

Probably the most overlooked reason for the housing affordability crisis in Australia at the moment is the capital gains tax (CGT) exemption for a person’s home itself.  But not this alone.  Rather, it is probably [...]

There can often be a fine line between whethera person is carrying on property development activities or is “merely realising an asset”.  For example, it may not be clear whether the extent of a person’s [...]

If you’re a high income earner, you may soon be asked to pay an extra 15% tax on the amount of concessional contributions that exceed the $250,000 threshold. What is Division 293 tax? Division 293 [...]

When hiring new staff, there are certain steps you should follow to cover off on your tax, workplace, and superannuation obligations. CONFIRM THEY ARE LEGALLY PERMITTED TO WORK IN AUSTRALIA  Australian citizens, permanent residents and [...]

Don’t be another victim – be on the lookout for scammers who call you about your superannuation!  ASIC on the lookout  The number of cold callers is on the rise. The Australian Securities and Investments [...]

It is possible to receive amounts that are not expected by the ATO to be included as income in your tax return. However some of these amounts may be used in other calculations and may [...]

The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person.  It does not matter whether the income is earned by the individual in [...]