by Camden Professionals | Jul 11, 2023 | ATO, Government Grant, Government Support, Small Business, Small Business Tips, Superannuation, Tax & Accounting
The start of each financial year usually brings with it a host of tax changes that SMEs need to be aware of, as well as a range of other regulatory changes that affect large sections of the Australian business community. From an increase in the national minimum wage...
by Camden Professionals | Apr 17, 2023 | Announcements, Lost Super, SMSF, Superannuation, Wealth Planning
The ATO has recently reported there is now $16 billion in lost and unclaimed super across Australia, and is urging Australians to check their MyGov account to see if some of the money is theirs. Super becomes “lost super” when it’s still held by the fund but the...
by Camden Professionals | Mar 24, 2023 | ATO, How To, Income Tax Returns, Small Business, Superannuation, Tax Deductions, Work from Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
by Camden Professionals | Mar 24, 2023 | Announcements, Retirement, SMSF, Superannuation, Wealth Planning
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate on earnings from superannuation in the accumulation phase will remain...
by Camden Professionals | Mar 15, 2023 | Property Investment, Property Investment Tips, Retirement, SMSF, Superannuation
Self-Managed Superannuation Funds’(SMSFs) are a tax effective and efficient way of saving for your retirement. For many Australians, SMSFs are increasingly being used to purchase property. The advantages of a self-managed super fund depend on your circumstances,...
by Camden Professionals | Feb 28, 2023 | First home buyers, Government Grant, Home Loans, Property Investment, Property Investment Tips, Superannuation
House prices continue to decrease from their highs of one to two years ago, but they remain significantly high in the most sought-after areas. According to CoreLogic, the median house prices of the two biggest cities – Sydney and Melbourne – stand at $1....
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