by Peter Ristevski | Jul 2, 2024 | Retirement Planning, SMSF, Superannuation
SMSF capital gains tax can vary significantly based on how your SMSF is structured and how long the asset being sold was owned. By understanding the application of SMSF capital gains tax, you can manage the sale of assets within your SMSF in a way that minimises tax –...
by Peter Ristevski | Mar 18, 2024 | Superannuation, Tax & Accounting
Starting from July 1st, 2024, there will be an increase in the maximum amount you can contribute to your superannuation. We’ll guide you on how to make the most of this change. Contribution limits for superannuation will rise from $27,500 to $30,000 for...
by Investment Plus Accounting Group | Feb 25, 2024 | Income Tax, Superannuation, Tax & Accounting, Tax Deductions
As the second half of financial year unfolds, taxpayers may be exploring ways to reduce their tax liabilities before June 2024. One often overlooked avenue for tax savings lies within the superannuation system, specifically through the strategic utilisation of unused...
by Investment Plus Accounting Group | Jul 11, 2023 | EOFY, Government Grants, Government Support, Superannuation, Tax & Accounting
The start of each financial year usually brings with it a host of tax changes that SMEs need to be aware of, as well as a range of other regulatory changes that affect large sections of the Australian business community. From an increase in the national minimum wage...
by Investment Plus Accounting Group | Jun 8, 2023 | How To, Income Tax, Superannuation, Tax & Accounting, Tax Refunds
Did you know that you can make a concessional superannuation contribution and get $5000 or more as a tax refund this year? Super concessional contribution caps There is a limit on how much you can put into super each year from your pre-tax income. Such contributions...
