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14
Sep

Why must you have an Enduring Power of Attorney (EPOA)?

The absence of an EPOA can have far-reaching legal and financial consequences. Should an individual lose capacity without such protection in place, family members are often compelled to apply to the Guardianship Tribunal or courts for authority to act on their behalf. This process is invariably time-consuming, costly, and emotionally taxing. Worse still, in the absence of clear directives, disputes may arise among relatives regarding the care or finances of the affected person, potentially leading to fractured relationships and suboptimal outcomes.

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22
Aug

Consequences of not having an estate plan

Estate planning is more than just managing the often significant risks of transferring clients' hard earned wealth.

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01
Sep

To be declared a death benefit dependent for financial reasons requires more than help to cover bills.

To be declared a death benefit dependent for financial reasons requires more than help to cover bills.

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22
Aug

Insurance pays off at claim time

APRA (Australian Prudential Regulation Authority) confirm that people who obtained life insurance via a financial adviser are more likely to

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22
Aug

Reverse Mortgage

A reverse mortgage is a type of loan that has been specifically designed for seniors over the age of 62 years

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22
Aug

Downsizing contributions into superannuation

Contributing the proceeds of downsizing into superannuation measure was one of several announced in the 2017–18 Budget as part of the government’s package of reforms to reduce pressure on housing affordability in Australia.

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22
Aug

No CGT exemption for non-residents

From 30 June this year, the general exemption from capital gains tax (CGT) for a principal place of residence will be

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22
Aug

Trusts tax reform set to go ahead under Labour

As part of its reforms, Mr Shorten outlined that Labor would introduce a minimum 30 per cent tax rate for discretionary

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23
Aug

Do I have to pay tax on my Australian property?

You should lodge a tax return each year and include your “net rental income”, that is, rental income minus rental deductions

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23
Aug

No Refund of Franking Credits as per Labour

The house and Government of the Commonwealth of Australia and the Opposition were requested by the Australians, not to change the

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23
Aug

Government's instant write-off extension

The government’s announcement to not only extend the instant asset write-off for small business but also the increase in the limit

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23
Aug

False BAS claims leads to 30-month jail sentence

On Friday, the Maroochydore District Court sentenced a tax payer to two and a half years in jail for GST fraud

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23
Aug

Poll shows over 80% of accountants favour a Liberal government

Less than one in five accountants believe a Labor government will deliver better tax policies for the country, new industry polling

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23
Aug

SMSF suffered no pain The Hayne Roral Commission

Two key issues on Superannuation from the Hayne Royal Commission were Agency Conflict and Invisibility of Fees (especially for no service)

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23
Aug

Coalition says 'no' to ban on borrowing by SMSFs

The Coalition has recommitted to allowing self-managed superannuation funds to borrow for property despite warnings from regulators that the real estate

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23
Aug

Rental Property owners should avoid common tax mistakes

Apportioning expenses and income for co-owned properties - If you own a rental property with someone else, you must declare rental

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23
Aug

Unregistered Tax Agent

Using unregistered tax agent is a big risk, as they; 1. may not have a qualification or experinece required of a

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