The following case is a true story. It goes to prove that simply signing your tax return and not disclosing ALL related income could result in enormous penalties and extra tax. Mr Gu disclosed $20,800 in salary and wages in his 2013 tax return.
Super catch-up provisions
The final in our series on the changes to superannuation now focuses on the “catch up provisions” that come into effect from 1 July 2017, but can only really be accessed from 1 July 2018. The catch up provisions allow individuals that meet certain
State Budget – changes to stamp duty and foreign buyers
The State budget was delivered on Tuesday 20th June 2017. While there are a number of initiatives, changes to stamp duty may be beneficial for persons considering selling their property or those trying to enter the property market. Stamp Duty
Salary sacrificed superannuation – should you consider your arrangements?
Continuing on the series on superannuation, it is now worth considering whether people who currently salary sacrifice superannuation should consider alternative arrangements from 1 July 2017. From 1 July 2017 all Australians are able to contribute
