Contributions Tax to Double for High Income Earners
From 1 July 2012, individuals who earn at least $300,000 in income will pay 30% tax on concessional contributions. This measure was announced as part of the Budget on 8 May 2012 and is expected to...
View ArticleAre you under-claiming SMSF tax deductions?
Did you know that SMSFs are entitled to include the total value of all concessional contributions, non-concessional contributions and roll-overs in the calculation of assessable income when determining...
View ArticleTax losses in an SMSF… what you need to know
The Australian Tax Office has in its SMSF News – edition 24 indicated an intention to focus on tax losses claimed by SMSFs in pension phase and claiming exempt current pension income. They have...
View Article
More Pages to Explore .....