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Latest Financial Planning News
- Tax time: calculating investment income and deductions
Here's a check list of what you will need to include in your 2020-21 income tax return.
- ATO extends Division 7A relief
The ATO made an extension relief for affected taxpayers and related SMSFs who are unable to meet the minimum yearly repayments on Division 7A loans due to COVID-19.
- Drawdown relief for all pensions
The reduced minimum pension relief that will now apply for the 2022 financial year is not restricted to account-based pensions, said a legal specialist.
- Tax Time Checklists - Super Funds; Individuals; and Company, Trust, Partnership
Working from home because of COVID-19 means most will have more deductions than in a normal year. These checklists will help your tax agent ensure you don't miss any deductions. Simply print, complete and return.
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