Reading Room
More Australians are turning to AI for answers on tax deductions, super and structuring decisions. The responses sound authoritative but they are frequently wrong.
The Federal Government's Electric Car Discount is now under formal review. But changes could occur as early as this year's Federal Budget.
If you're 55 or over and considering selling the family home, you may be able to contribute up to $300,000 per person into superannuation but rules apply.
SMSFs offer flexibility but running one comes with legal obligations for trustees. The sole purpose test and arm's length rules are two provisions often breached.
The ATO has released a draft ruling that changes how inherited homes are treated for capital gains tax (CGT). What are they and will they impact your family?
Division 296 imposes an additional personal tax on individuals whose total superannuation balance (TSB) exceeds $3 million. It takes effect from 1 July 2026.
For the first time in Australia's history, parents receiving Government-funded Paid Parental Leave will also receive superannuation contributions on those payments.
If you own a holiday home that you also rent out, a shift that takes full effect from 1 July 2026 could materially change what you can claim at tax time.
New rules require certain retailers to accept cash payments, ensuring Australians can buy essential goods like groceries and fuel. Is your business affected?
