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Individual Tax Returns

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Individual tax returns for financial year ending 30/6/2022 are now able to be processed and lodged with the ATO. If you are ready to complete your tax return, please reach out to a member of the Arum Team to begin this process! If you are still preparing your information there… Read More »Individual Tax Returns

Changes to Super

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From 1 July 2022, employees can be eligible for super guarantee (SG), regardless of how much they earn. This is because the $450 per month eligibility threshold for when SG is paid is being removed. You only need to pay super for workers under 18 when they work more than 30… Read More »Changes to Super

First Home Super Saver Scheme – increasing the maximum releasable amount to $50,000 and technical amendments

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On 11 May 2021, as part of the 2021–22 Federal Budget, the Australian Government announced it will make changes to the First Home Super Saver (FHSS) scheme to increase the contributions that can be counted towards the maximum releasable amount to $50,000 and improve the operation of the scheme. Increase the… Read More »First Home Super Saver Scheme – increasing the maximum releasable amount to $50,000 and technical amendments

The Benefits of a Trust

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Chris and Charity have put together a webinar to discuss what a trust is, and what advantages and disadvantages it may have for your business. If you wish to discuss in more detail how a trust may fit in with your situation, please reach out to a member of the… Read More »The Benefits of a Trust

Tax treatment of non-fungible tokens

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The tax treatment of non-fungible tokens follows the same principles as cryptocurrencies. A non-fungible token (NFT) is a unit of data stored on a digital ledger. NFTs are unique and therefore are not interchangeable. You can use an NFT to represent an ownership interest in any tangible or intangible asset,… Read More »Tax treatment of non-fungible tokens

Re-contribution of COVID-19 early release super amounts

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From 1 July 2021, super fund members can re-contribute amounts they withdrew under the COVID-19 early release of super program without those contributions counting towards their non-concessional contributions cap. These contributions can be made between 1 July 2021 and 30 June 2030. COVID-19 re-contribution amounts are not a new type… Read More »Re-contribution of COVID-19 early release super amounts