This month presents a blend of tax changes, practical reminders, and essential planning insights.

Super Tax Reforms

We will break down the Government’s proposed superannuation tax reforms, which are set to reshape financial strategies for individuals with balances exceeding $3 million.

Tribunal Decision on Medical Expense Claims

A recent tribunal decision offers a clear, real-world example. It highlights the difficulty in claiming tax relief for medical expenses, even when those expenses relate to a disability pension.

Small Business Developments

For small business owners, proposed legislation will extend the $20,000 instant asset write-off. Additionally, it introduces new transparency requirements for companies and charitable organisations.