by Investment Plus Accounting Group | Mar 23, 2023 | Retirement Planning, SMSF, Superannuation, Wealth Creation
Future earnings for super balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax...
by Investment Plus Accounting Group | Mar 23, 2023 | ATO, How To, Small Business, Tax & Accounting, Tax Deductions, Work from Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
by Investment Plus Accounting Group | Mar 15, 2023 | Asset Protection, Business, Family Trusts, Trusts
Although trusts are common, they are often poorly understood. Setting up a trust is often driven by a new business opportunity, a growing business, or a need to better structure your investments. When set up correctly, there are clear tax benefits when it comes to...
by Investment Plus Accounting Group | Mar 15, 2023 | Property Investment, Property Investment Tips, Property Tax, SMSF, Superannuation
Self-Managed Superannuation Funds’(SMSFs) are a tax effective and efficient way of saving for your retirement. For many Australians, SMSFs are increasingly being used to purchase property. The advantages of a self-managed super fund depend on your circumstances,...
by Investment Plus Accounting Group | Mar 15, 2023 | Property Investment, Property Investment Tips, Property Tax
Property values, as history demonstrates always increase over time. Indeed, through all financial crises and economic difficulties Australia has faced. The one thing constant that has continued to yield returns is property investment. If you’re not investing in...
