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EOFY is almost here: Being Prepared for Tax Time
As the End of Financial Year (EOFY) approaches, it’s the perfect time for landlords to get organised and make sure you're claiming every dollar you’re entitled to. A key part of this preparation? Ensuring your depreciation schedule is up to date. What is a Depreciation Schedule — and Why Does it Matter? Property depreciation is one of the most powerful (and often overlooked) tools landlords...
Important Update: New Tax on Super Balances Over $3 Million from July 2025
From 1 July 2025, the Federal Government will introduce a new tax that may affect individuals with high-value superannuation balances. Known as Division 296, this measure introduces an additional 15% tax on earnings related to super balances above $3 million. This change is designed to apply to a relatively small segment of the population and will not impact existing super tax rates for balanc...
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