Timing of real estate and Capital Gains Tax (CGT)
14 April 2021
No Comments
When you sell or otherwise dispose of real estate, the time of the event (when you make a capital gain or loss) is usually when
Category: Tax
Is all money received counted as ‘income’ by the ATO?
9 April 2021
No Comments
It is possible to receive amounts that are not expected by the ATO to be included as income in your tax return. However, some of
Fringe Benefits Tax
1 March 2021
No Comments
With 31 March and the end of the Fringe Benefits Tax year just around the corner, now is the time to take advantage of last-minute
Natural disasters and help with your tax
17 February 2021
No Comments
Now that we are well into bushfire season, and even flooding events have already occurred, it is timely to be reminded that as well as
Calculating income tax deductions
8 February 2021
No Comments
The calculation of income tax for businesses becomes more complex as business activities and income streams grow. There are two primary considerations that arise when
Digital record-keeping
20 January 2021
No Comments
Businesses should aim to move towards digitising their tax, super and employee-related documents as per recommendation by the ATO. Digital record-keeping has many advantages and
3 business service components your company strategy needs
5 January 2021
No Comments
At the end of the day, it is every company’s goal to find success in some capacity. Often that achievement is multi-pronged; businesses want both
Claiming interest expenses for rental properties
16 December 2020
No Comments
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable
NSW Budget 2020
18 November 2020
No Comments
The NSW budget was handed down 17 November 2020 with a few key points to note: Payroll tax The payroll tax rate will be reduced
New data matching programs for the ATO
21 October 2020
No Comments
Over the first quarter of this financial year, the government has initiated two new data-matching programs, using data that the ATO holds. Data matching involves bringing