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If you’re considering retirement soon but aren’t ready to throw in the towel completely, the Australian Government’s Transition to Retirement (TTR) scheme might be the choice for you. This scheme provides those who are preservation age with the chance to…

As the professional who handles most of your money matters, both business and personal, you should have an open and frank line of communication with your accountant. Many people assume their accountants are just there to assist with tax time…

The ongoing competition between financial lenders has led to many improvements for the consumer when considering their borrowing options. Mortgage offset accounts are just one of the ways that you can benefit from tax advantages and greater flexibility just by…

The ATO has confirmed that a taxpayer carrying on business is generally entitled to a deduction for expenses incurred on a gift made to a former or current client, if the gift is characterised as being made for the purpose…

The ATO’s stance against phoenix activity has continued with multiple search warrants issued, and many business and residential sites accessed without notice across Victoria and Queensland, as part of a criminal investigation into unpaid superannuation, employee withholding, GST, and income…

The ATO has launched a new project called ‘Super Scheme Smart’, an initiative aimed at educating individuals about the potential pitfalls of ‘retirement planning schemes’, to keep them safe from risking their retirement nest egg. According to the ATO, individuals…