tax - MaxGrowth

Why your tax refund is lower this year

31 August 2023

Listen to our Principal, Teddy Kosasih FCPA CA, explaining why your tax refund is lower this year.

Division 293 tax on certain concessional contributions

30 August 2023

Certain concessional contributions of a taxpayer whose income is in excess of the Division 293 threshold for the year (see table below) are taxed at 30%. This rate of tax includes the normal contributions tax of 15% paid by the receiving fund on concessional contributions plus an additional tax of 15% known as Division 293…
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Lodgement Penalty Amnesty Program

10 August 2023

The past few years have been challenging for many small businesses with the COVID-19 pandemic and natural disasters having a significant impact on their businesses. With the announcement of tax penalty amnesty scheme in the May 2023-2024 federal budget, the Australian Taxation Office is encouraging small businesses which have overdue income tax returns, fringe benefit…
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Tag: tax

Why your tax refund is lower this year

Division 293 tax on certain concessional contributions

Lodgement Penalty Amnesty Program