From 1 January this year, those 55 and over have been able to make a ‘downsizer’ contribution to their superannuation. Since the age limit for downsizer contributions was reduced from 60 to 55, more people have been able to use this opportunity to get money into their super quickly.
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This Budget comes just seven months before the 2023-24 Budget in May and represents a reshuffling and reallocation of previous initiatives, not presenting new ones.
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If you want to become a director or are one, you'll need a director ID. When you need to apply depends on the date you first become a director. For existing directors, this deadline is fast approaching with November 30 as the cut off for applications.
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The Government has put the 120% skills training and technology costs deduction for small and medium business back on the table.
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Commonwealth Seniors Health Cards help so many Australians every year. With recently introduced legislation, changes could be on the way to help even more.
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There were a range of tax and income changes that came into effect at the start of the new financial year. Read on for a reminder of what might affect you.
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