Establishing a Self-Managed Super Fund (SMSF) offers flexibility and control over your retirement savings—but it also comes with serious legal and administrative responsibilities. As a trustee, you are personally responsible for ensuring that your fund complies with all relevant superannuation laws and regulatory requirements. A failure to comply with these obligations is referred to as […]
If you’re approaching retirement with a significant balance of unused annual or long service leave, you may be weighing up whether to enjoy a well-earned break before finishing work—or simply take the leave as a lump sum when you retire. Both options can have implications for your superannuation, tax position, and even Age Pension eligibility. […]
Dealing with the loss of a loved one is never easy. On top of the emotional toll, there are also important tax and administrative responsibilities that must be addressed—particularly if you’ve been appointed to handle the deceased’s estate. As a legal personal representative (LPR), you are responsible for finalising their tax obligations with the Australian […]
If you’re among the millions of Australians using Buy Now Pay Later (BNPL) services, it’s important to be aware of significant regulatory changes that took effect on 10 June 2025. These reforms are designed to provide stronger consumer protections while preserving the convenience and flexibility that BNPL services offer. Previously, BNPL arrangements operated outside the […]
While it may be tempting to submit your tax return as soon as the financial year ends—especially with rising living costs and the potential for a refund—the Austral-ian Taxation Office (ATO) advises caution. Lodging too early can significantly increase the risk of errors, which may delay your return or result in ATO-initiated amendments. In July […]