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Returning expats reminded on tax snares with pensions, investments

 

With thousands of Australian expats still hoping to return home following COVID-19, a mid-tier firm has highlighted some important tax implications and considerations, including the foreign pension transfers.

 

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Brazen ATO scam costs Sydney woman $22k

 

Brazen scams continue.  Police have issued a warning after a Sydney woman fell prey to an elaborate ATO scam that cost her $22,000.

 

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Videos and other resources for our clients

Making our website into a valuable resource for our clients is very important to us.  There are more tools and resources available when compared to almost anywhere else and this month we highlight our educational videos. 

We hope you enjoy these 'extras' and if you have any question then click on the Contact Us button  and ask. 

 

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Approaching the dawn

 

COVID-19 has completely, and mercilessly, dictated the direction of economies and financial markets through most of this year. So, as we rapidly approach the end of an extremely unpredictable and volatile year, what's in store for 2021?

 

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Toyota returns $18m in JobKeeper payments

 

The Japanese car manufacturer has confirmed it has approached the ATO to return more than $18 million in JobKeeper payments after a spike in sales towards the end of last year.

 

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Vaccination rates as they happen around the world

 

A new resource is now available that shows the rates per country of COVID-19 vaccinations.  We all suffered in many ways as COVID number increased, now, as expected, let's watch them start to drop.

 

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How Australians are taking advantage of income tax cuts

 

New research has offered insight into how Australians intend to save the gains generated from income tax cuts rolled out in this year’s federal budget.

 

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Small-business coronavirus grants set to be income tax-free under new bill

 

A new bill that ensures state and territory grants issued in response to the coronavirus pandemic are not subject to income tax has now been introduced.

 

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Super, death, and taxes

 

An interesting finding in the federal government's Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired.

 

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JobMaker hiring credit given green light despite ongoing concerns

 

A Senate committee has recommended that the JobMaker hiring credit legislation be passed, despite concerns over its narrow eligibility and lack of protection for older workers.

 

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