Understanding "tax benefit" for Part IVA avoidance Tax laws often contain provisions designed to prevent avoidance and ensure fairness. One such provision in Australian tax law is Part IVA, which targets schemes that seek to reduce tax liability in ways that the law does not intend. Understanding the Part IVA tax benefit is crucial for taxpayers, accountants, and advisors to navigate compliance and optimize tax planning within legal boundaries. This article explains how Part

P ayday Super: New Era for Employers and Employees From 1 July 2026, a significant change in the Australian superannuation landscape will come into effect, fundamentally altering how employers manage their employees' super contributions. This new regulation requires that superannuation payments be made concurrently with salary and wages. The Shift to Payday Superannuation This change is designed to provide employees with more immediate access to their superannuation benefits

Are you ready to lodge your SAR by 28 February? Less than 27 days remain for SMSF trustees to lodge their SMSF annual return ( SAR ) by 28 February 2024, regardless of whether the fund has received contributions, made income payments or is in pension mode. If the SAR is more than two weeks overdue, the ATO may change the status of the SMSF to Regulation details removed. The impacts for failing to lodge by the due date are: preventing APRA-regulated funds from rolling over me