There are few Australians who have not seen the devastation of the recent bushfires and how it has impacted local and regional economies. After what can only be described as a horror season, many of those impacted are now trying to get back on their feet. This month, we look at what support and assistance may be available to taxpayers affected by the fires.
We also explore changes to CGT and the family home for expats, the ATO's focus on lifestyle assets, protecting SMSFs from fraud, and flagged changes to small business concessions.
As always, if you have any queries, contact our team on 9957 4033.
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.