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Is your Not-for-Profit income tax exempt?

Although not-for-profit organisations are generally set up for charitable purposes, not all are 'charities' according to the ATO, and may not be eligible for income tax exemptions.

Mortgage vs super

With interest rates on the rise and investment returns increasingly volatile, where should you be putting your spare cash?

The proposed ‘bright line’ individual residency tests

The proposed reforms to the individual residency rules potentially makes it easier to determine whether an individual is a resident of Australia for tax purposes.

Tax amnesty for small business

The small business amnesty allows small businesses to bring their outstanding tax returns and business activity statements up-to-date, without incurring a late lodgement penalty.

Setting yourself up for success in the new financial year

The start of a new financial year is the perfect time to set yourself up for the year ahead.

What’s New in 2023? Key tax changes to be aware of

As we kick off the new tax season, it's essential to be aware of the latest tax changes that may impact your 2023 tax return.

ATO Rental Property Blitz

The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners incorrectly reporting rental property income and expenses.

Fixing Fundraising

For decades, there have been calls to reduce the red-tape burden that fundraising requirements place on charities - there is now progress on this front.

Retirement planning: it’s not all about the money

While individuals’ wealth and health are obviously important for anyone heading into retirement, there are other factors that are usually more important in determining the life satisfaction for retirees.

Super Guarantee increased rate from 1st July

From the 1st of July 2023, the Superannuation Guarantee percentage will increase to 11% (up from 10.5%) .

Time running out on Temporary Full Expensing

The current concession which allows businesses to claim an immediate deduction for unlimited capital expenditure will come to an end on 30th June 2023.