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Showing 1 - 10 of 45 results for "Tax deductions"

Foresters Financial launches tax-effective education bond

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... The education bond operates under a "scholarship plan" framework, allowing bond administrators to benefit from tax deductions. These deductions are then available to investors when they access funds for education expenses. Additionally, the bond provides ...

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... thin capitalisation rules. The legislation will limit the amount of interest expenses that entities can claim as tax deductions. The measures are forecast to result in a $720 million windfall over the four years from 2022-23. The legislation also replaces ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... more financially literate community. "To offset impacts on the budget, the inclusion of caps on the amount of any tax deductions or a cap on income for those able to receive a deduction could be adopted," it suggested. "We also believe there is an economic ...

Government strengthens multinationals tax laws

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... Erosion and Profit Shifting (BEPS) program. It also looks to introduce a new rule limiting MNEs' ability to claim tax deductions for payments relating to intangibles and royalties that lead to insufficient tax paid. As well as ensure enhanced tax transparency ...

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
... billion industry super fund will see their administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums. Rest has notified members their admin fees will rise from November 28, from $1.30 per ...

ATO extends WFH deductions

ALLY SELBY  |  MONDAY, 13 JUL 2020
... welcomed the extension of the temporary arrangements, which he said, would make it easier for Australians to claim tax deductions for working from home. "The short cut deduction method is making it easier for many Australians who are continuing to work ...

ATO streamlines tax return process

ELIZA BAVIN  |  FRIDAY, 12 JUN 2020
... The Australian Taxation Office has announced a streamlined approach for tax time to allow people to easily claim tax deductions for work from home arrangements. Assistant commissioner Karen Foat said the ATO has a range of different approaches to support ...

Super tax strategies a hot topic

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
AMP's technical superannuation adviser support team saw a rise in the number of advisers querying tax deductions for personal superannuation contributions last month. Data from more than 2090 calls made by advisers last month showed more clients were ...

ASIC drags RG97 transition period

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... periodic statements, the deadline has been extended to 29 June 2020 in which interim arrangements for buy-sell spread, tax deductions and borrowing costs are still effective. Periodic statements for managed investment schemes have the same deadline. ...

Charities losing $180m a year to gender pay gap

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... they claim in charitable donations," Koda Capital said in a statement. Australians claimed back $3.1 billion in tax deductions for charity donations - down 7.2%. Also only a third of people who donate claim a tax refund. And if they do, it is less than ...
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