In another recent legislative change, the eligibility age to make a downsizer contribution into superannuation has been reduced to 55 from 1 January 2023. This further reduces the downsizer eligibility age, which changed from 65 to 60 from 1 July … Read More
All Australian states and territories have introduced some rebates and incentives to encourage the uptake of low and zero-emission vehicles. In an ideal world, there would be standard incentives applying nationally, but this is not the case at this time. … Read More
Businesses tend to progress more consistently if the owner sets financial goals and makes a plan to achieve them. The new year is a natural time to decide what you want to achieve and how. With that in mind, read … Read More
There are various courses of action available to the ATO when trustees of self-managed super funds (‘SMSFs’) have not complied with the super laws, including applying administrative penalties. A number of factors determine the amount of the administrative penalty, including: … Read More
UPDATE: View the ABRS Media Release on Director ID Deadline Extension here In its 2020 Budget Digital Business Plan, the Australian government announced the full implementation of the Modernising Business Registers (MBR) program. The program is designed to both establish … Read More