Every year at Walshs Practice, we see the same “small but surprisingly complex” questions pop up in meetings with our medico clients. These questions might seem minor, but the answers can make a real difference to your refund and tax position. Below are ten of the most common (but uncommon!) tax questions we are asked

Significant changes have been announced to the Government’s proposed Division 296 tax on superannuation earnings, which will particularly affect individuals with super balances above $3 million. For many Australians who have built significant retirement savings—particularly through self-managed superannuation funds (SMSFs)—understanding these changes is essential. On 13 October 2024, Treasurer Jim Chalmers announced key adjustments aimed