More women using 'downsizer' contributions to boost super

If you are aged 55 years or older, the downsizer contribution rules enable you to contribute up to $300,000 from the proceeds of the sale of your home to your superannuation fund (eligibility criteria applies).

SuperannuationJPR BUSINESS GROUP7 October 2024superannuation, super contributions

The ban on genetic test insurance discrimination

The ability for life insurers to discriminate based on adverse predictive genetic test results will be banned under a new Government proposal.

Business Development, CommunityJPR BUSINESS GROUP3 October 2024insurance, life insurance

The rise of business bankruptcy

ASIC’s annual insolvency data shows corporate business failure is up 39% compared to last financial year. The industries with the highest representation were construction, accommodation and food services at the top of the list.

Divorce, you and your business

Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved.

What happens when there is a family company?

When is a gift not a gift?

The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends.

TaxationJPR BUSINESS GROUP8 August 2024Taxation, australian tax office

Earned an income from the sharing economy?

It’s essential that any income earned from sharing economy platforms such as Airbnb, Stayz, Uber, etc., is declared in your tax return.

TaxationJPR BUSINESS GROUP5 July 2024sharing economy, uber, airbnb

$20k instant asset write-off passes Parliament

Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year passed Parliament just 5 days prior to the end of the financial year.

TaxationJPR BUSINESS GROUP5 July 2024instant tax write-off, Taxation

What’s ahead for 2024-25?

Will 2024-25 be another year of volatility or a return to stability?

Taxation, SuperannuationJPR BUSINESS GROUP2 July 2024Taxation, superanuation

Is your family home really tax free?

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never that simple.

TaxationJPR BUSINESS GROUP1 July 2024Taxation, family home

The essential 30 June guide

The end of the financial year is fast approaching. We outline the areas at risk of increased ATO scrutiny and the opportunities to maximise your deductions.