by Ben Smith | Mar 16, 2022 | Accounting & Audit, Financial Planning, Tax & Estate Planning
Small businesses and not-for-profit organisations affected by the floods in parts of Queensland and NSW will have more time to lodge their business activity statements and instalment notices with an original due date of 28 February 2022 or 21 March 2022. Those...
by Ben Smith | Mar 16, 2022 | Financial Planning, SMSF Specialists
By Thomson Reuters Tax & Accounting More people will soon be able to make up to $300,000 in downsizer contributions into super with the lowering of the age limit to include those 60 years and over from 1 July 2022. Before this date, only those aged 65...
by Ben Smith | Mar 16, 2022 | Accounting & Audit
By Thomson Reuters Tax & Accounting If you run a small business and are found by the ATO to have made unintentional record-keeping mistakes, you could be liable to an administrative penalty. However, this could soon change under new proposed laws to...
by Ben Smith | Mar 16, 2022 | SMSF Specialists
By Thomson Reuters Tax & Accounting The maximum amount individuals can take out of their super under the First Home Super Saver Scheme will be increased from $30,000 to $50,000 for any release requests made on or after 1 July 2022. Initially, the scheme was...
by Ben Smith | Mar 16, 2022 | SMSF Specialists
By Thomson Reuters Tax & Accounting Individuals aged between 67 and 75 will be able to make non-concessional, and salary sacrificed contributions without the need to pass the work test or satisfy the work test exemption criteria from 1 July 2022. The...
