admin, Author at Melbourne Accountant

Thinking of subdividing? The tax implications and pitfalls of small-scale subdivisions

You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax exposure is minimal – but this is not always the case …

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Succession: What does it take to hand your business to the next generation?

Accountant, Business Succession / By admin

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners. When it comes to generational succession of a family business, there are a few important aspects: Succession of the …

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Why is my tax refund so small?

Accountant, tax / By admin

The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with personal income tax including taxes on capital gains representing 40% of revenue compared …

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Finding the Right Business Accountant for Your Small Business

Accountant, Small Business Accountant / By admin

Running a small business comes with a myriad of responsibilities, and managing your finances is undoubtedly one of the most critical aspects. While you might be a pro at your core business operations, navigating the complexities of accounting and taxes can be daunting. This is where a skilled and reliable business accountant can step in …

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Minimizing Capital Gains Tax (CGT) in Australia

Budgeting, Financial Planning / By admin

When it comes to managing your investments and business ventures in Australia, understanding and minimizing Capital Gains Tax (CGT) can significantly impact your financial gains. CGT is levied on the profit you make from selling an asset, such as property, shares, or business assets. However, with the right strategies and guidance from a knowledgeable business …

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How Do High Income Earners Reduces Taxes in Australia

Budgeting, Financial Planning / By admin

In Australia, high-income earners often face the challenge of managing their tax liabilities while striving to protect their hard-earned income. Through prudent financial planning and leveraging the expertise of Melbourne business accountants, individuals can employ various strategies to reduce their tax burdens legally and ethically. In this blog, we will delve into some key tax-saving …

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The Benefits of Shared Office Spaces in Melbourne

Rental Property, Shared Office Space / By admin

Shared office spaces have gained immense popularity in Melbourne in recent years, transforming the way people work and collaborate. With its bustling business scene and thriving entrepreneurial spirit, Melbourne offers numerous shared office spaces that cater to diverse professionals and businesses. In this article, we will explore the benefits of shared office spaces in Melbourne …

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