by Shirani Goodman | Mar 17, 2021 | Uncategorized
A BDBN is a legally binding nomination given by a member to the trustee(s) of their super fund which imposes a duty on the trustee to pay their death benefits in accordance with their wishes specified in the notice. In the absence of a valid BDBN, the trustee(s) of...
by Shirani Goodman | Mar 17, 2021 | Uncategorized
Eligible businesses with an aggregated turnover of less than $500 million a year, may be able to deduct the cost of new depreciating assets at an accelerated rate of 50% or 57.5% using the backing business investment – accelerated depreciation rules. Eligible assets...
by Shirani Goodman | Mar 17, 2021 | Uncategorized
Fees paid for obtaining investment advice may or may not be tax deductible. For these fees to be tax deductible the expenditure must be incurred in gaining or producing assessable income. If the fees are not related to a specific investment producing assessable income...
