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Division 296 Tax: New $3 Million Super Balance Tax Explained

Division 296 Tax: New $3 Million Super Balance Tax Explained

by Cindy Su | Mar 16, 2026 | All, Supers, Tax and Accounting

The Australian Parliament has passed legislation for a new tax on superannuation balances over $3 million, commonly known as the Division 296 tax or “$3 million super tax”. This measure will take effect from 1 July 2026, fundamentally changing how earnings on large...
How Much Are BAS Late Lodgment Penalties?

How Much Are BAS Late Lodgment Penalties?

by Cindy Su | Sep 11, 2025 | All, Business, Tax and Accounting

Falling behind on your Business Activity Statement (BAS) lodgments can be stressful, especially when the Australian Taxation Office (ATO) issues penalties. Whether it’s a missed deadline or an unpaid balance, the consequences can affect your cashflow and put...
How to Enjoy Life Without Sacrificing Your Financial Goals

How to Enjoy Life Without Sacrificing Your Financial Goals

by Ed Chan | Sep 8, 2025 | All, Tax and Accounting

Finding balance between enjoying life and managing your finances wisely can often feel like a juggling act. You want to live in the moment, experience the things you love, and create lasting memories—but at the same time, you don’t want to overspend or compromise your...
Safer Alternatives to Gifting Money to Your Children

Safer Alternatives to Gifting Money to Your Children

by Ed Chan | Sep 3, 2025 | Business, Property, Tax and Accounting

After more than 40 years of advising families, I’ve seen many parents make the mistake of gifting money to their children. It may feel generous to give them a deposit for their first home or provide a loan to help with a purchase, but this can easily backfire. With...
How Labor’s 2025 Tax Plan Impacts You

How Labor’s 2025 Tax Plan Impacts You

by Cindy Su | May 6, 2025 | All, News and Updates, Tax and Accounting

With a renewed and stronger mandate following the May 3, 2025 federal election, the Anthony Albanese-led Labor government is set to continue reshaping Australia’s tax landscape. Their focus remains on delivering cost-of-living relief, boosting fairness in the system,...
How the 2025 RBA Rate Cut Impacts Your Mortgage Repayments

How the 2025 RBA Rate Cut Impacts Your Mortgage Repayments

by Aaron Hickey | Feb 21, 2025 | All, News and Updates, Property, Tax and Accounting

If you’re like millions of Australians, you’re probably relieved after getting a break from the Reserve Bank of Australia (RBA) following consistent interest rate hikes since April 2022.  The good news? Most banks have agreed to pass on the 0.25% rate reduction,...
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20 Tax Tips for Property Investors

Tax Tips For Property Investors

20 Tax Tips for Property Investors

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