by Ben Smith | Apr 20, 2022 | Financial Planning, Tax & Estate Planning
Family trust beneficiaries at risk The tax legislation contains an integrity rule, section 100A, which is aimed at situations where the income of a trust is appointed in favour of a beneficiary, but the economic benefit of the distribution is provided to another...
by Ben Smith | Apr 20, 2022 | Featured, Tax & Estate Planning
The stamp duty exemption for farms in NSW has recently been broadened and will greatly increase the succession planning options available to families in the rural sector. The past exemption for transferring farming properties between generations requires the...
by Ben Smith | Apr 1, 2022 | Tax & Estate Planning
On March 29, 2022, Treasurer Josh Frydenberg delivered Australia’s 2022-3 federal budget. There were minimal tax changes for businesses in this budget. However, this article details some of the main support measures announced that will interest small &...
by Ben Smith | Mar 31, 2022 | Tax & Estate Planning
The AAT may soon be given more powers to help small businesses if a proposed Bill passes Parliament before the Federal election is called. The Bill, which is currently before the House of Representatives, seeks to enable small business entities to apply to the Small...
by Ben Smith | Mar 31, 2022 | Tax & Estate Planning
The end of March signals the approach of FBT time. Employers that have not previously provided employees with fringe benefits need to be aware this year that any COVID-19 related items provided may be subject to FBT, including rapid antigen tests and protective...
by Ben Smith | Mar 16, 2022 | Accounting & Audit, Financial Planning, Tax & Estate Planning
Farmers & Primary producers hit by storms and floods in NSW can access $15,000 immediately, through grants of up $75,000, as part of the jointly funded Commonwealth-State Disaster Recovery Funding Arrangements. Grants are now available for eligible primary...
