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Average ATO refund tumbles $430 compared to last July
Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.
Penalty amnesty tempts 7,000 small businesses back into tax system
UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.
SMSFs will continue to grow as government eyes superannuation coffers
Following the release of the government’s latest Intergeneration Report there is renewed confidence that more people will see SMSFs as a more attractive option as a savings vehicle for retirement.
Living comfortably in retirement just got more expensive
The amount of superannuation needed to live comfortably has risen to a record high as the cost-of-living crisis continues to impact all Australians.
Single-asset segregation barred
A single asset cannot be treated in a manner that allows it to support some SMSF members in accumulation phase and others with a pension account.
