An Overview of Division 296
The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023 (“the Bill”), which has passed the House of Represen…
New self-reporting requirements for nonprofit organisations: 2023-24
In May 2021, the federal government unveiled changes to the tax administration of Nonprofit (NFP) organisations that self-assess as income tax exempt. The…
A look at the small business entity capital gains tax exemptions
The Australian taxation regime provides contains several capital gains tax (CGT) exemptions for small business entities (SBEs). In 2019 the Board of…