The ATO has warned taxpayers about common deductions that should not be claimed. In a new guide, Don’t be a dummy with your deductions, the ATO lists eleven items that are often claimed but probably shouldn’t be: Travel between home and work; Car expenses for transporting bulky tools and equipment; Salary packaged car expenses; Meal […]
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Amid the major reforms to superannuation that took effect on July 1, some significant changes to the tax treatment of your Transition to Retirement Pension (TRIP) may have flown under the radar. Some individuals will be affected more than others, so if you have a TRIP or are thinking about starting one, now is the […]
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It’s almost a decade since the global financial crisis created havoc in financial markets. While the global economy continues to show signs of recovery, political uncertainty in Europe and the United States is creating fresh confusion on global markets as investors wait to see how current events play out. It started just over a year ago […]
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If the ancient Greek Olympians could see the way the average Joe Athlete works out today… well, they might not even recognise it as exercise. Thanks to modern technology and the way the internet helps spread fads, the last few years have seen some truly weird and wonderful fitness trends emerge. If you’ve recently spotted […]
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Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to […]
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