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INCOME TAX

Superannuation

A recently finalised court case has given us new and valuable insights into when the Commissioner's discretion to disregard contributions is likely to be exercised. David...

Financial planning

The Australian Taxation Office has unveiled a new program for the 2012-13 financial year that will put the spotlight firmly on self-managed superannuation funds....

Superannuation

SPAA has called on the ATO to clarify superannuation income streams so SMSFs are not caught out by new legislation....

Superannuation

SMSFs need to carefully consider the estate planning ramifications before commencing a pension or their beneficiaries might face serious tax consequences, explains Nichol...

Superannuation

Accounting firm RSM Bird Cameron has warned company directors that they need to make themselves aware of changes to director penalty notices, which include changes to pay...

Financial planning

The Australian Taxation Office has acknowledged that it is managing 1.4 million debt cases worth in excess of $14 billion....

Superannuation

Assets constituting trading stock were once the exception to the rule, as they did not have to be treated according to the CGT provisions. DBA Lawyers' Bryce Figot and Na...

Superannuation

The asset segregation approach in volatile times could provide a number of tax benefits. The SMSF Academy’s Aaron Dunn explains....

Financial planning

The Australian Taxation Office (ATO) has positioned a taskforce to crack down on structured financial products offering franking credits....

Superannuation

John Kelly outlines new rules regarding insurance, and how they affect SMSFs when it comes to insuring collectibles and personal-use assets....

Superannuation

The SMSF Professionals' Association of Australia has welcomed an Australian Taxation Office ruling clarifying the status of borrowing arrangements around single assets....

Superannuation

One of the headline announcements in the 2012-13 Federal Budget affecting SMSFs was regarding contribution caps. Dan Butler and Nathan Papson explore this announcement, a...

Financial planning

The Australian Taxation Office (ATO) has prosecuted more than 1,500 people for tax and superannuation offences so far this financial year....

Tools & guides

General awareness among financial planners about issues associated with aged care is one thing, but having a strong knowledge in this area is another, writes IOOF’s Marti...

Superannuation

Some self-managed super funds can claim tax deductions for the future liability to pay death and disability benefits. Nicholas Ali explains....

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