Estate planning might not be the most exciting topic to discuss, but it’s one of the most critical steps you can take to ensure your loved ones are well taken care of when you’re no longer around.
The ATO is giving individual taxpayers with simple affairs the ‘green light’ to lodge their annual income tax returns.
Why is the meaning of dependant for super and tax purposes important? There is a difference between the two and it’s particularly important in relation to the payment and tax treatment of superannuation death benefits.
The ATO has advised that, while most small businesses ‘do the right thing’, it seems that there are common errors that sole traders are making