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Warning to micro businesses. ‘Higher taxes for thousands of businesses’.
The ATO’s draft guidance on personal service income and the general anti-avoidance provisions is likely to be a shock to many small and microbusinesses in Australia.
Capital losses can help reduce NALI
Capital losses can be used to reduce or eliminate NALI tax exposures in relation to a tainted capital gain, says a legal expert.
Super sector in ASIC’s sights
The superannuation sector’s handling of retirement outcomes will be an area of focus for ASIC which has also committed to review SMSF establishment advice.
Beware of terminal illness payout time frame
If an SMSF member is diagnosed with a terminal illness, it is best not to close out the fund before the insurance has been paid, says a specialist.
Most Popular Operating Systems 1999 – 2022
Check out the most Popular Operating Systems 1999 - 2022
ATO encourages trustees to use voluntary disclosure service
The ATO is encouraging SMSF trustees to use its voluntary disclosure service to inform it early if a contravention has occurred.
What the Reserve Bank’s rates stance means for property borrowers
The funding gap between variable and fixed rate loans is continuing to widen.
Investment and economic outlook, August 2024
Region-by-region economic outlook and latest forecasts for investment returns.
How investing regularly can propel your returns
Even investing small amounts on a regular basis will compound returns over time.