Budget 2023-24
The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years driven by a range of factors.
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Collins Hume
- Apr 24
When was the last time you updated your will?
Having a will is not enough — it's essential to review it regularly and update it to reflect any changes in your circumstances or the law.
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Collins Hume
- Feb 28
ChatGPT tax trial
We took ChatGPT for a spin to test the results. Don't panic; our trial demonstrates that good advice from your accountant is still a must.
16 views
Collins Hume
- Feb 13
Is downsizing worth it?
We look at the downsizer contribution now that the age has reduced to 55.
76 views
Collins Hume
- Dec 16, 2022
Further eligibility changes to downsizer contributions age
The reduced eligibility age to make a downsizer contribution from age 55 is now law.
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Collins Hume
- Nov 28, 2022
ASIC warns of SMSF cryptocurrency scams
ASIC warns that crypto-assets are high-risk and speculative, and best practice is to seek advice from a licensed financial adviser.
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Collins Hume
- Oct 26, 2022
2022-23 Budget 2.0
Read our summary about the Budget's practical tax implications for individuals, small businesses and superannuation.
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Collins Hume
- Oct 4, 2022
Acquiring collectables inside your SMSF
Clients with self-managed super funds (SMSF) often ask what assets the SMSF can acquire. We clarify.
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Collins Hume
- Aug 29, 2022
Can I claim my crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return.
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Collins Hume
- Jul 25, 2022
Tax and the family home
We take a look at the main residence exemption that excludes your home from CGT and the triggers that reduce or exclude that exemption.
16 views
Collins Hume
- Mar 28, 2022
Immediate Deductions Extended
This measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.
27 views
Collins Hume
- Nov 10, 2021
Tax and the Normalisation of Cryptocurrency
The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
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