Last minute Stage 3 Tax Cuts redesigned

Finally bringing down the knife: the Federal Government released a proposal to realign and redistribute personal income tax cuts legislation, to commence on 1 July 2024, for the 2025 financial return year. [Edit 14th March 2024]: on the…
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Super to be paid per paycheck and pursuable if owed

As announced in the 2023 May Budget, from 1 July 2026, employers will be required to pay their employees’ super guarantee entitlements on the same day that they pay salary and wages. Currently, super guarantee is paid quarterly. The Government…

Risky trust distribution loopholes plugged

The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses. As…