Tax Archive
PropertyTax
Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption.
Tax
The ATO has flagged four priority areas this tax season where people are making mistakes.
Small BusinessTax
The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt. That position has now changed!
Small BusinessTaxUncategorized
The end of financial year is fast approaching, which means it’s time to start thinking about your tax! We have 14 tax saving tips to help you prepare and manage your Business’ financial accounts throughout the year.
Small BusinessTax
Recently, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored.
Small BusinessTax
We have many clients asking us, what is PAYG, why do I need to pay the ATO upfront and how does it affect a business? There’s no need to struggle to understand this system anymore, let’s break it down!
Property
Property is a solid investment opportunity for those looking to increase their financial security. If you are a landlord, you may be looking for ways to reduce your tax liability this year. This may assist you in turning your property’s cash flow from a negative into a positive.
Tax
The ATO have advised to check your paperwork before claiming deductible contributions.
Tax
If you're using your personal car for work purposes, you may eligible to claim the expenses associated to this. Find out about the rules and claiming methods available.
Tax
The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.
Tax
Every year, we are asked about the tax impact of various Christmas or holiday related gestures. In this article we take a look at some of the top issues.
