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 ...

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 ...

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 ...

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 ...