by Luke Quinnell The ATO highlights that they “take a firm approach on the non-payment of super”, and this applies even if you are the only employee of your business! Here’s how to stay out of the ATO’s crosshairs. We have noticed a substantial increase in ATO compliance action around superannuation guarantee payments. With the […]
READ MOREby Ashlee Salamon The tax cuts introduced on 1 July 2024 are set to ease cost-of-living pressures for Australians by putting more money back in your pockets. These changes are particularly significant for the housing market, potentially making homeownership more attainable. Increased Disposable Income The most immediate benefit of these tax cuts is the increase […]
READ MOREThe National Disability Insurance Agency (NDIA) publishes its annual pricing review of NDIS support items following the commencement of the new financial year on July 1. We recently had the opportunity to attend a consultation with the NDIA, to review its updated rates and changes to its underlying Disability Support Worker Cost Pricing Model. The […]
READ MOREIn Australia, families with disabled members often confront the challenge of ensuring long-term financial security while navigating the complexities of Centrelink benefits. Special Disability Trusts (SDTs) have emerged as a crucial mechanism to address these concerns, offering a structured way to provide for disabled individuals without compromising their eligibility for essential government support. Some of […]
READ MORESeparation proceedings often involve complex financial evaluations, particularly when one or both spouses own professional practices. Valuing these practices accurately is crucial for equitable settlements. This article explores the unique challenges and methods involved in valuing professional practices, providing practical insights for family law practitioners. Understanding Professional Practices Professional practices include medical, legal, accounting, dental, […]
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