/ 9th March 2023 - Carisma Solutions Blog
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Mixed blessings as high balance earnings tax calculation unveiled
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Mixed blessings as high balance earnings tax calculation unveiled

Date: March 9, 2023
Categories: News
The Federal Treasury’s Fact Sheet explaining how the tax on earnings on balances exceeding $3 million will be calculated is a mixed blessing for self-managed super funds, says SMSF Association CEO Peter Burgess.“The good news in this Fact Sheet is that it means super funds, including SMSFs, will ...
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Accounting Ratios
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Accounting Ratios

Date: March 9, 2023
Categories: Bookkeeping
Have you heard of Accounting Ratios? If not, here is a brief explanation about them.Accounting ratios are a useful tool for analyzing a company's financial reports. They are a type of financial ratio that measures how efficient and profitable a company is.It shows the relationship between one ...
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ATO Updates (March 2023)

Date: March 9, 2023
Categories: Monthly Update
Interposed companies used to avoid tax under review.The ATO has issued Taxpayer Alert, The Alert addresses certain arrangements involving CGT roll-overs and Div 7A. In these arrangements, a company is interposed between a private company with retained profits ("first company") and its shareho ...
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Better Targeted Superannuation Concessions
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Better Targeted Superannuation Concessions

Date: March 9, 2023
Categories: Superannuation
From 1 July 2025, the government will reduce the tax breaks available to individuals whose total superannuation balances at the end of the fiscal year exceed $3 million.With this change, the headline tax rate on earnings corresponding to that proportion of the balance greater than $3 million will in ...
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