Australia doesn’t have an inheritance or estate tax, but you might have other tax obligations that arise from the assets you inherit, such as property or superannuation.¹ What those obligations are will depend on your relationship to the deceased and how the asset is transferred or paid out...
After-tax investing for superannuation funds: What should managers manage? The transition from a pre-tax investment focus to a genuine after-tax investment focus is an important trend shaping the way large funds manage their investment portfolios. This creates opportunities for tax professionals to us...
The CGT small business concessions : recent evidence from the perspective of the tax practitioner and three, determine whether the recent superannuation changes announced by the Federal Government in relation to the capping of the concessional superannuation thresholds have had an impact on the use of...
Generally you have to pay tax on any capital gain you make on shares when a CGT event occurs, most commonly when you choose to sell shares you own. However,a CGT event is also triggeredwhen the change of ownership of an investment is involuntary. ...
What is a superannuation contributions tax? What are the benefits to a corporation of equity financing? What are the benefits of an engaged workforce? What are the advantages of an LLC over a partnership? What is a tax-deferred pension?
Your guide to STP reporting. Find out what it is, and how STP-enabled software can help you meet your regulatory reporting requirements.
Rental income is used to pay off the loan. There are potential tax advantages within the superannuation structure, such as paying only 15% tax on rental income and paying only 10% tax on capital gains after 12 months. SMSF allows diversification of investment portfolios into theproperty marketan...
Overtime rates are exempt, while bonuses and commissions are subject to this pay tax as well. Payroll tax There are two types of taxes you may see on a payroll. To simplify, the payroll tax is for employers and the income tax is for employees. Payroll tax is a tax obligation that ...
A defined benefit superannuation supplies a fixed, predetermined benefit depending on various factors, but it is not dependent on market performance. Specific factors include the number of years the person was employed with the company, the employee's salary, and the exact age at which the employe...
Defined-contribution plans are funded primarily by the employee. The most common type of defined-contribution plan is a401(k). Participants can elect to defer a portion of their gross salary via a pre-tax payroll deduction. The company maymatch the contributionif it chooses, up...