income tax

Financial planning

As the end of the current financial year approaches, Craig Day provides SMSF trustees with some tax tips for the year end - along with the traps to avoid....

Financial planning

Mixed industry response to Henry Review

While the Federal Government's response to the Henry Review of Taxation has drawn a mixed reaction from the financial services industry, one thing stakeholders mostly agr...

Financial planning

Former Australian Capital Reserve directors charged

Three former Sydney-based directors of Australian Capital Reserve (ACR) have been charged with making a false statement to obtain a financial advantage for the company....

Superannuation

Superannuation and total and permanent disablement

Andrew Biviano explains the benefits of selecting TPD insurance through superannuation and outlines the different options available to clients looking for cover....

Superannuation

ATO looks at new service for SMSFs

The ATO has flagged a new service for SMSF professionals. At the same time, it has warned about continuing breaches regarding loans to members....

Financial planning

ATO proposes end to Commissioner's unlimited amendment powers

The ATO is considering changes to income tax laws that currently provide the Commissioner of Taxation with an unlimited period to make an amendment to a taxpayer's assess...

Financial planning

ASFA supports Govt super borrowing proposals

ASFA has supported amendment proposals made by the Government around borrowing in super arrangements....

Financial planning

Govt spotlight on borrowing in super

Government tax and consumer protection proposals made in recent days appear to have put the spotlight on common industry practices around borrowing in super....

Financial planning

AIOFP status questioned

The Association of Independently Owned Financial Planners' status as an industry association is being questioned as it moves to revive an investment administration servic...

Financial planning

Henry Review to grapple between simplicity and significant change

The Henry Review could grapple between the goal for a simpler Australian taxation system and making significant changes that might split labour and salary income from inv...

Policy & Regulation

Bill to protect investors and simplify tax laws

A new tax Bill will protect investors and simplify tax laws, according to Assistant Federal Treasurer Senator Nick Sherry....

Policy & Regulation

Small business owners face 'unfair' tax slug

Businesses are at risk of being taxed on 'potential' rather than 'actual' benefits should proposed changes to Division 7A of the Income Tax Assessment Act 1936 be finalis...

Editorial

Releasing the potential of transition to retirement strategies

A number of recent changes to superannuation have had a significant impact on the wealth creation capacity of transition to retirement strategies. Martin Breckon weighs u...