Can a tax loss for an income year be carried forward and deducted from assessable income in future income years? Previously, this is possible if the company passes either the continuity of ownership …
Cryptocurrency and Data Matching
Cryptocurrency is one of the many ways people make money nowadays. It can be bought or sold on an exchange platform using conventional money. Some popular digital currencies like Bitcoin can be bought …
Protecting Your Superannuation Package
You’ve worked hard for your superannuation savings, so it’s quite understandable that you get frustrated when it erodes due to fees and insurance premiums. Good news is there’s something that can be …
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Binding Death Benefit Nomination
A binding death benefit nomination is a legally binding nomination that grants a person the chance to advise the trustee who is to receive his superannuation benefit in the event of death. For a …
What Property Owners Need to Know about Rental Property Deductions
The Australian Taxation Office (ATO) reminds property investors to be extra careful when making rental deduction claims. In the 2017–18 financial year, more than 2.2 million Australians claimed …
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TR 2019/1: New Tax Ruling on Corporate Tax Rate
With the new tax ruling, there is more clarity when it comes to determining if a company can access the lower corporate tax rate. The Australian Taxation Office (ATO) has released TR 2019/1, taking …
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