If you’re one of the many Australians who’ve purchased a property through a self-managed superannuation fund (SMSF), the ATO has provided valuable guidance about how to file your annual tax return.
How to get your SMSF tax return right
TAG BLOG
Posts
EOFY Action Checklist – Superannuation Trustees
With another end of financial year almost in sight, it is prudent for trustees to start planning and attending to matters requiring attention prior to 30 June.
Elevating Excellence: TAG Managers Promoted to Senior Managers
We are thrilled to announce the promotion of two of our valuable team members – Emma Partenza to Senior Manager Superannuation Advisory & Audit and Arden Shaw to Senior Manager Investment Advisory & Wealth.
ATO puts spotlight on property investors
The Australian Taxation Office (ATO) has warned property investors it will pay close attention to their reported income and deductions this tax time, with official data showing that about 90% of investors get their tax returns wrong.
Tax Planning for Individuals 2024
As end of financial year approaches, we have outlined some of the key tax considerations below.
Tax Planning for Businesses 2024
As end of financial year approaches, we have outlined some of the key tax considerations below.
ATO to Scrutinise Work-related Expenses, Rental Properties and Rushed Lodgments
Tax time is fast approaching and the ATO has issued a warning that they will be focusing on three major problem areas this year. Read more in this blog.
2024-25 Federal Budget – Businesses | Individuals | Superannuation
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget on 14 May 2024. The following provides the key points in relation to business, individuals and superannuation.
Prices rising in 88.4% of suburbs
Australia has hundreds of different property markets, which are often at different points in their cycle, so it’s common for there to be many markets where prices are increasing and many where they’re decreasing. Right now, though, the vast majority are in growth mode.
Change to super guarantee contributions into SMSFs
A major update to the small business superannuation clearing house (SBSCH) was introduced on 15 March 2024 that potentially impacts businesses being able to make superannuation guarantee contributions into SMSFs.
Investor activity rises, high-debt borrowing falls
The latest tranche of home loans data from the banking regulator, APRA, has revealed three interesting shifts in the mortgage market over the past year.
The ATO’s role in SMSF investment strategy
Michelle Griffiths, our Investment Advice & Wealth Partner was recently quoted in Self Managed Super magazine. The article highlights the ATO’s role in assessing whether a SMSF investment strategy is appropriate.