The Government’s proposed 30% minimum tax on discretionary trusts could have significant implications for some family groups, particularly where trusts distribute income to companies, although the rules remain subject to consultation and aren’t final yet.

We outline essential tax strategies for sharing economy income. Learn how to manage your sharing economy earnings and avoid surprises at tax time.

If your company or trust earns income mainly from your personal efforts, review your arrangements against the ATO’s updated guidance to avoid costly issues.

Think your holiday home deductions are sound? Updated ATO guidance could deny claims where private use, family access or blocked-out peak periods suggest the property is not mainly used to earn rental income.

Reducing your tax exposure, maximising the opportunities available to you and reducing your risk of an audit by the ATO is in your best interests. With the end of the financial year fast approaching, this update will help you do exactly that.

Earning a good income but still not getting ahead? Discover the hidden cash flow, tax and wealth-building traps that could be holding you back.