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The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The Administrative Appeals Tribunal has upheld a decision by the commissioner involving an excess non-concessional contributions determination.
The decision of Purcell and Commissioner of Taxation (Taxation) [2020] AATA 4235 involved voluntary superannuation contributions made by Elaine Purcell and her husband. These contributions totalled $4,000 and constituted non-concessional contributions.
Read more at the Accountants Daily.