The Personal Service Income (PSI) rules are a set of ATO provisions designed to prevent persons who derive income from their personal services from “splitting” or “alienating” that income with other persons and therefore minimising the overall tax payable. If you cannot pass one of the tests within the PSI rules and do not have…
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Self-education includes courses undertaken at an educational institution (whether leading to a formal qualification or not), attendance at work-related seminars or conferences, self-paced learning and study tours (overseas or within Australia). For self-education expenses incurred before 1 July 2022, you generally can’t claim the first $250 of expenses. TR98/9 details the ATO’s views on the…
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A self-managed superannuation fund (SMSF) is a superannuation fund with no more than six members (increased from four members from 1 July 2021) that satisfies the requirements outlined in s17A SIS Act. The SMSF sector emerged on 8 October 1999 from the former ‘excluded superannuation funds’, following a government’s inquiry into the Australian financial services…
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“You don’t have to be great to serve, but you have to serve to be great” Our team are very humble to be named the Winner of “Outstanding Accounting Services” in the City Suburbs Local Business Awards 2023 We couldn’t make it to the Awards’ Night because CPA Australia City Taxation Discussion Group was on…
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Our office will be closed on Good Friday and Easter Monday. Reopen Tuesday 11 April 2023. On behalf of MaxGrowth and team, we would like to wish you a Happy and safe Easter break!
“Coming together is a beginning. Keeping together is progress. Working together is success and Together We Can Make a Difference Our new sign in the office is up. Come and visit our headquarter and maximising your growth with MaxGrowth!
