The allure of property investment, coupled with the appealing 15% tax rate during the SMSF accumulation phase and the potential for tax-free retirement, greatly motivates many SMSF trustees to consider property development for substantial returns. This article delves into the advantages, challenges, and common issues associated with this investment approach. An SMSF can invest in...Read More

The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. Following considerable discussion, the Australian Government has announced changes to the planned Stage 3 tax cuts starting from 1 July 2024. As a result of these amendments, a larger number...Read More

As previously announced, from 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years. Specifics & breakdown First Home Guarantee Guarantees part of a first homeowner’s home loan...Read More

When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right? As a business...Read More

Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider. In the world of business, it’s not uncommon to include earn-out clauses in transactions. These clauses enable vendors to ‘earn’ a portion of the purchase price based on the performance of...Read More