If you have a business partner(s) have you ever considered what would happen if that person was unable to continue to work in the business or worse still that person died? Aside from the emotional grief of losing a close working and highly skilled business partner, the remaining business partner in these circumstances will also …
Whilst we are all struggling to keep up with the rate of change within the superannuation sector, this year there are some welcome changes which may help people boost their retirement savings and also save some personal income tax. Carry forward concessional (tax deductible) contributions With effect from 1 July 2019 superannuation fund members with …
The Federal Government has passed legislation which prevents people who have been Australian residents for tax purposes for many years from using the CGT main residence exemption (MRE) if they are foreign residents at the time they sell their property (with limited exceptions). An example of how this new legislation applies is detailed below. An …
Foreign Residents – Watch that CGT Main Residence Exemption! Read More »
Food is an essential element in all our lives. In today’s busy environment getting the family around the table to share a wholesome home cooked meal can be a challenge. Whilst Australia Day has come and gone and Sam Kekovich appeared to be inextricably absent it’s time to fire up the BBQ and celebrate one …
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