Capital Gains Tax and the family home: foreigners and expats excluded from tax exemption

Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore the impact.

Investment, TaxationJPR BUSINESS GROUP31 January 2020cgt, Capital Gains Tax, Taxation, capital gains

New alert system to protect SMSFs from fraud

A new system alerting SMSF trustees of changes made to their SMSF will roll out this month. The ATO will alert trustees by text and/or email when changes are made to bank details, electronic service address of the fund, the authorised contact and members.

Superannuation, TaxationJPR BUSINESS GROUP29 January 2020SMSF, superannuation, self managed super funds, Taxation, Tax

Army Reserve team assisting the MFB in providing relief to isolated communities

At the centre of every business is perhaps its greatest asset: employees. The contributions provided by each member are essential to keeping your company afloat. And one of the dedicated members of our team also serves in the Australian Defence Force Reserves.