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ATO warns against websites sharing fake news on superannuation preservation age

Posted by Team AVS on 22 May, 2025  0 Comments

The ATO is warning against fake news about changes to the superannuation preservation rules and withdrawal rules.

The Australian Taxation Office (ATO) is warning the community about a proliferation of dodgy websites sharing fake news about changes to the superannuation preservation rules and withdrawal rules starting on 1 June.

ATO Deputy Commissioner Emma Rosenzweig confirmed the maximum preservation age (the age when you can access your

ATO unveils ‘wild’ tax deduction attempts and priorities for 2025

Posted by Team AVS on 15 May, 2025  0 Comments

The ATO reveals 'unbelievable' tax deduction attempts, and what their tax time priorities are for 2025.

The Australian Taxation Office (ATO) has today revealed some of the ‘wild’ work related expense tax claims people have tried to put past the ATO, and spoiler alert: an air fryer generally won’t make the cut.

Some of the most outrageous deduction attempts the ATO saw last year included:

A mechanic tried to claim an air fryer, mic

CGT concessions eligibility overview

Posted by Team AVS on 6 May, 2025  0 Comments

The small business CGT concessions allow you to reduce, disregard or defer some or all of a capital gain from an active asset used in a small business.

The 4 small business CGT concessions include the:

small business 15-year exemption
small business 50% active asset reduction
small business retirement exemption
small business roll-over.

The concessions are available when you dispose of an active asset and meet basic eligibility co

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