Blog

Laurie Flynne CA Laurie Flynne CA

Compulsory Super finally gets to 11%

Compulsory Employee Superannuation rises from 10.5% to 11% for paydays after 30 June 2023. The Keating Government’s Superannuation Guarantee, introduced 31 years ago, was a master stroke in structural economic reform.

Read More
Laurie Flynne CA Laurie Flynne CA

LMITO is finito

As we head into Tax Planning season, it is worth noting that another “stimulus” measure - the Low & Middle Income Tax Offset (LMITO) - will not be available in 2023.

Read More
Laurie Flynne CA Laurie Flynne CA

Albo’s Super Changes - Ho, hum?

In the highly unlikely event that the tiered tax rate for large superannuation balances announced this week will have any direct effect on you at all, it would be a good problem to have.

Read More
Laurie Flynne CA Laurie Flynne CA

Family Trust Distributions - Be careful what you wish for!

The cat-and-pigeon show created by the ATO’s more aggressive stance on the application of Section 100A to unpaid trust distributions to adult children took a new twist last month with the release of the Full Federal Court’s appeal decision in the Guardian Case.

Read More
Laurie Flynne CA Laurie Flynne CA

Should Lowe go?

I don’t know how Reserve Bank Governor Dr Philip Lowe can tell us with a straight face that they were “caught out” by a surprise surge in inflation.

Read More
Laurie Flynne CA Laurie Flynne CA

Asset Protection Survives a Scare

Australia’s business and professional communities can breathe a massive sigh of relief after the High Court restored confidence in one the fundamentals of asset protection - putting assets in the name of the low-risk spouse.

Read More
Laurie Flynne CA Laurie Flynne CA

Time to Reduce Debt

With borrowed money going quickly from almost free to quite expensive, it’s time to rethink your debt strategy.

Read More