HAPPY NEW YEAR 2023

HAPPY NEW YEAR 2023 As the 2022 financial year has come to a close, I thought I would welcome you with some relevant changes that will affect the majority of my client base for 2023. Before starting with the tax changes, I do not have that elusive crystal ball that...

WHY DO ATO DISLIKE TRUSTS?

In the last few weeks the ATO has issued a new Draft Ruling that focuses on Trust Distributions. Essentially they are trying to reduce who you can issue Trust Distributions to so they get the taxpayer paying more tax. The result is that family groups will need to...