Your practice

Relevant and practical knowledge and tools to build your business

Upcoming ATO open forums

As part of its ongoing engagement with tax practitioners, the ATO will again be holding open forums in a range of locations across Australia between March and June 2017. Open forums are an opportunity for tax practitioners to have an open two-way dialogue with the ATO, and allow it to share information on matters of

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Large assets in an SMSF? Scaling back pensions should not pose a problem

Amid the reports of SMSF trustees selling real estate in droves, it may be worthwhile for tax and superannuation professionals to step back, identify clients most likely needing to scale back their pensions, and see the best methods that may be suited to particular client’s circumstances. One issue of concern that keeps being raised time

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The delayed income tax offset, and how it can help

You may not get many clients who can use this tax offset, but one day you may very well get one in the door who will appreciate your familiarity with, and knowledge about the application of, the delayed income tax offset. The offset has also been labelled the lump sum payment in arrears offset. It

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FBT: What’s new for 2017?

The big change to FBT, which carries over from the previous FBT year, is the continued application of a 49% rate. This is due to revert to 47% on April 1, 2017 (therefore applying for the 2017-18 FBT year onwards), but for the current FBT year, 49% continues to apply. What’s new for FBT in

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