• investment-advise
    Where Should You Invest When Interest Rates Are So Low?
    Source: NestEgg With the cash rate close to zero, this will have big implications for how you should invest your money to generate the best return. So, what are the options and which asset classes will best enable you to build wealth? Cash  Australians have put $100 billion in the […]
  • tax cuts
    How Australians are Taking Advantage of Income Tax Cuts
    Source: Accountants Daily Colonial First State (CFS) has surveyed 2,000 Australians to determine their tax-saving intentions following changes to personal income tax announced in the budget on 6 October. As part of the measures to personal income tax, Treasurer Josh Frydenberg declared tax cuts worth nearly $30 billion would be made […]
  • Stock market investment trading financial, coin and Australia flag or Forex for analyze profit finance business trend data background.
    ATO Extends JobKeeper Deadlines Ahead of Christmas, New Year
    Source: Accountants Daily Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 and 3 January 2021, has also been extended from the usual 14th of each month to 28 January 2021. To account for the New Year weekend, the Tax Office will also […]
  • jobmaker
    JobMaker Hiring Credits: What We Know So Far
    We’ve had quite a few questions about the JobMaker hiring credit announced in the 2020-21 Federal Budget. The legislation enabling the JobMaker scheme has not passed Parliament as yet and until this occurs, the JobMaker rules are not certain and may change. More details should be available soon and we’ll […]
  • tax loss
    Refunds for Tax Losses
    If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.  In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously […]
  • investment
    Tax Deductions for Investing in Your Business
    Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that […]
1 December 2020
tax cuts

How Australians are Taking Advantage of Income Tax Cuts

Source: Accountants Daily Colonial First State (CFS) has surveyed 2,000 Australians to determine their tax-saving intentions following changes to personal income tax announced in the budget on 6 October. As part of the measures to personal income tax, Treasurer Josh Frydenberg declared tax cuts worth nearly $30 billion would be made […]
22 October 2020
ATO tax tables

ATO Urged to Rethink Tax Ruling Overhaul

Source: Accountants Daily Over the next month, the ATO is expected to make a decision on whether it will retire 16 occupational and industry-specific taxation rulings that have been around since 1995 to 1998. These include Taxation Ruling TR 95/8 to TR 95/22, and TR 98/6 and TR 98/14. The […]
19 October 2020
ATO tax tables

Businesses Given a Month to Implement Updated ATO Tax Tables

The Tax Office has now updated its withholding schedules and tax tables to reflect the new personal income tax thresholds that were passed by Parliament last week. The changes will apply to payments made on and from 13 October this year, with employers now given until mid-November to implement the adjustments. “As […]
9 January 2019

Tax & Franchising

If you run a successful company that offers valuable products or services to consumers, you might want to open other locations to reach a larger audience. Not only will you earn a higher profit, you’ll also help countless new customers while you build your brand from a distance. Instead of […]
13 November 2017

Working Holiday Tax in Australia

Australia is a great place to travel and there are lots of opportunities to work whilst you’re here. Unfortunately, a working holiday isn’t automatically a tax holiday and, for the new arrival, the Australian tax system can be a minefield! Travellers who earn income while in Australia will be expected […]
9 October 2017

Tax Considerations For Property Investors

If you invest in a rental property or rent out your current property, you’ll need to keep records right from the start, work out what expenses you can claim as deductions, and declare all your rental-related income in your tax return. Any capital gain you make when selling or otherwise […]
5 October 2016

Simple Tax Minimisation Strategies

Melbourne businesses may not be too keen on welcoming June. After all, the last day of which is also the end of the country’s financial year. It’s the time of the year when business owners are busy implementing their last minute tax planning strategies. Well, this shouldn’t be too complicated […]
31 August 2016

Simple Tax Minimisation Strategies for Melbourne Businesses

Melbourne businesses may not be too keen on welcoming June. After all, the last day of which is also the end of the country’s financial year. It’s the time of the year when business owners are busy implementing their last minute tax planning strategies. Well, this shouldn’t be too complicated […]
8 March 2016

What You Should Know About Tax Planning in Melbourne?

Taxes is said to be one of two things that are certain in life; the other one is death. As unfortunate as it may sound, we can’t really avoid the two. In taxes, however, we can be happy about two things. First is that we are helping our nation grow. […]
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