Tax Alert June 2022

4 June 2022

ATO crackdown on family trusts and GST fraud With attempted GST fraud on the rise and certain family trust payments under a cloud, the tax regulator is stepping up scrutiny of more transactions. Here’s a roundup of some of the latest developments in the world of tax. GST fraud warning

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Get your SMSF Ready for 30 June

4 June 2022

With the end of the financial year (EOFY) just around the corner, it’s important to ensure your SMSF meets its compliance obligations. The rules around SMSFs are strict and if you don’t do things the right way, your fund could end up paying extra tax. Here’s some key tasks trustees

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Tax Offset vs Tax Deduction: What’s the Difference?

23 May 2022

This year’s Federal Budget was full of talk about one-off support for households in the form of tax offsets, but most people are a bit hazy on the difference between a tax offset and a tax deduction. Both can help reduce the amount of tax you pay each year, but

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