Are You Tipping the Tax Man?

A lot of people leave their preparation for the end of the financial year until it is too late. June 30 falls on a Friday this year, so ideally any strategies or contributions should be finalised by Tuesday, June 27 to be included in this financial year. If you feel that your finances could do with a […]

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Super Reform Changes for 2017

There are a number of changes to superannuation which were announced as part of the 2016 Federal Budget. Many key changes come into effect on 1 July 2017. Accordingly, taxpayers have an opportunity to take advantage of the current rules prior to 30 June when the new regime comes into force. Non-Concessional Contributions There are […]

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Is Donald Trump’s Honeymoon with Investors Over?

Since the US election last November US and global shares rallied around 8% and Australian shares rallied around 12% to their recent highs. Related to this the US dollar, bond yields and some commodity prices also pushed significantly higher. Optimism regarding Donald Trump’s pro-growth policies were not the only factor playing a role in this […]

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New Strata Laws for NSW

As of November 30, 2016 new strata laws have come into effect in New South Wales after many years of ‘toing’ and ‘froing’. Whilst these changes encompass over 90 reforms, the one everyone is talking about deals with collective – or ‘forced’ – sales. Essentially, there has been a softening in the current requirement that 100% […]

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7 steps for enjoying Christmas without the financial stress

Christmas is just around the corner, along with a hectic round of parties, family get-togethers and gift-giving. By the time the New Year rolls around your waistline might not be the only thing showing the strain.  To make sure you start 2017 fit and refreshed, rather than financially flattened, here’s a seven-step plan to consider […]

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You can’t pick your family, but they can claim your estate

An ‘eligible person’ can make a claim on your estate if you did not make adequate provision for that person.  An eligible person includes a spouse or former spouse, a child, a person living with or in a close personal relationship with, or a person who was at a time wholly or partly dependant on, […]

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Medical Expense Deductibility

The rules regarding medical expenses have changed quite drastically since the 2014 tax year. Previously, nearly all medical expenses were deductible, either at a rate of 20% for families earning less than $180,000 or $90,000 for singles, or at a rate of 10% for families earning over $180,000 or singles who earned over $90,000, where […]

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ATO Dragoons Prestige Property Purchasers to be Tithing Tax Collectors

A tax grab of biblical proportions Anyone buying or selling property in Australia with a value of $2 million or more is caught by new tax collection rules from 1 July 2016. Vendors selling property for $2m or more must obtain a CGT “clearance certificate” from the Australian Taxation Office (ATO) confirming that they ARE […]

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