Tax & Estate Planning

November 26, 2020

An article from the ABC details a shocking new scam that is targetting Australian business owners. Business email comprimise scams cost Australians millions of dollars each year and this new scam is causing business owners, like the example in the...

October 22, 2020

The ATO is warning community members after an increasing number of people are paying fake tax debt due to a phone scam claiming that if they don't pay it straight away they will be arrested. The call is a recording that...

September 25, 2020

This blog article follows on from our previous article Get in quick! Subsidised business & estate planning advice for farmers due to run out! dated 20 November 2019. The NSW Rural Assistance Authority’s (RAA) Farm Business Skills Professional Development Program closed on...

September 25, 2020

The ATO has released a practical factsheet outlining all the practical steps required to be followed for businesses or not-for-profits in regards to: How to continue receiving JobKeeper extension 1 payments - If you are already receiving JobKeeper payments,...

September 15, 2020

A recent ATO private ruling considered the implications of withdrawing superannuation when a member is terminally ill. Before passing away, the deceased gave instructions to the trustee to withdraw her entire balance from superannuation. Her superannuation consisted of a term...

August 11, 2020

The Government's Super Guarantee amnesty legislation, the Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 received Royal Asset on 6 March 2020. This new legislation establishes the Government's Super Guarantee (SG) amnesty which runs from 24 May 2018 and ends...

December 2, 2019

Landholder duty only applies to relevant acquisitions of shares in companies or units in unit trusts that hold interests in land in NSW with a threshold value of $2 million or more. Currently the relevant land value is the...

November 22, 2019

In NSW the extra 8% stamp duty and extra 2% land tax surcharges for foreign persons, trusts and companies have been in place for a few years. These surcharges apply on top of the usual stamp duty and land...

November 20, 2019

The NSW Rural Assistance Authority (RAA) is currently providing funding for farming families to receive retirement, succession and estate planning advice. However, the time to take advantage of this is running out, with the funding only available until 30...