Changes to LITO/LMITO: Exploring Available Tax Offsets

In the realm of Australian taxation, changes and updates are constant, affecting various aspects of individuals’ financial landscapes. One such area that has undergone scrutiny and transformation is the Low-Income Tax Offset (LITO) and the Low and Middle Income...

Is Tax Deductible Financial Advice Coming?

The TD2023/D4 is a draft legislation that proposes to change the way tax advice is treated in Australia. It aims to simplify the tax system and make it more transparent and fairer for taxpayers and advisers. One of the main changes is that tax advice fees may become...