NEWS & INSIGHT

The Instant Asset Write-off that almost never was

The Instant Asset Write-off that almost never was

Owing to some last minute machinations in the Senate, the $20,000 Instant Asset Write-off (IAWO) for the 2023-24 financial year was only passed into law two day…

New financial year to-do list for your SMSF

New financial year to-do list for your SMSF

With 30 June beyond us, now is the time to plan ahead to get your SMSF sorted for the new financial year. Below are five key items to tick off this financial ye…

Small business energy incentive

Small business energy incentive

A little known tax incentive that is aimed at encouraging businesses to improve energy efficiency is the small business energy incentive (SBEI).

Breaking up by text is hard to do

Breaking up by text is hard to do

A recent decision by the Full Federal Court around a man’s tragic death by suicide clarified the standing of a de facto spouse in the context of a non-lapsing d…

Who is a resident for tax purposes?

Who is a resident for tax purposes?

A person’s residency for tax purposes can be one of the most difficult issues to determine in Australian tax law. And it is not just a question of whether a per…

Self-education – when is it deductible?

Self-education – when is it deductible?

There is no specific provision in the income tax legislation that allows a deduction for self-education expenses. Rather the expenditure falls for consideration…

Spouse contributions splitting

Spouse contributions splitting

Splitting superannuation contributions to your spouse can be a great way to boost your combined superannuation balances which can benefit you both in retirement…

CGT & foreign residents: Complex rules apply!

CGT & foreign residents: Complex rules apply!

A person who is not a resident of Australia for tax purposes is nevertheless liable for capital gains tax (CGT) on certain assets located in Australia.

SMATS Chats
Latest Podcasts

Welcome to the New World! - 15th Annual Market Update Webinar

Join Steve Douglas as he discusses:

  • Global financial markets, issues & influence on our daily lives;
  • Australian property markets, driving factors and has it peaked?
  • International markets review & forecast;
  • Australian Dollar review & prediction;
  • Interest rates…

Australian Residency Tax Changes Q&A - May 2021

Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.

You can also book a FREE 20 minute tax consult by emailing smats@smat…

Australian Residency Tax Changes and Implications for Aussie Expats

Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:

“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…

16th Annual Australian Budget 2021 Review

We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:

• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…

Will the Australian Property Market Crash?

Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.

However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…

Australian Migration Tax Planning

For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process. 

The Australian taxation system is extremely complex and taxes residents worldwide income. 

Thankfully, legal and sensible tax …

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