Reading Room - Taxation
From 1 July 2025, the superannuation guarantee (SG) rate rose to 12%. There are no changes to the annual concessional contribution cap for personal contributions.
With the purchasing of luxury vehicles on the rise it’s important to be aware of some features of the tax system that can impact on the real cost of purchase.
This tax season, there's a surge in questions about claiming interest on a loan as a tax deduction. It's important to ask is 'why did you borrow the money'?
Finfluencers advising from Insta and TikTok have huge followings and speak with conviction. But taking advice from unqualified sources can have consequences.
If you're carrying an ATO debt, it may cost you even more from 1 July 2025 as two types of interest charges imposed by the ATO are no longer deductible.
Division 296 super tax is a Government proposal to impose an 15% tax on superannuation earnings for individuals if their superannuation balance is over $3 million.
If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements including a relatively new ATO reporting obligation.
With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpayers to be careful when claiming work related expenses. This is in reaction to a spate of claims that didn’t quite pass the ‘pub test’.
As the Labor party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from last term.
