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25 February, 2021
Signs of unauthorised and mistaken transactions

Signs of unauthorised and mistaken transactions

When checking through your transactions, you might come across a transaction that doesn’t look right. If this is the case, you should get into contact with […]
25 February, 2021
What to do before you buy a business

What to do before you buy a business

Buying an existing business can be a great entryway into being a business owner – but it does come with challenges. Following these steps might make […]
25 February, 2021
Pros and cons of home reversion

Pros and cons of home reversion

Super (AU): Pros and cons of home reversion Home reversion is when you sell a share of the future value of your home whilst still living […]
What you need to know about luxury car tax
What you need to know about luxury car tax
What you need to know about luxury car tax
What you need to know about luxury car tax
What you need to know about luxury car tax
25 February, 2021
What you need to know about luxury car tax

What you need to know about luxury car tax

Luxury car tax or LCT is a 33% tax on cars that have a value (including GST) above the set threshold. However, the tax is only […]
18 February, 2021
Records you need to keep on rental properties

Records you need to keep on rental properties

When you own a rental property, keeping records is important. These will help you meet tax obligations. Generally, only individuals with their names on the title […]
16 February, 2021
The amounts you dont need to include as income

The amounts you don’t need to include as income

Amounts which are not classified as income are split into 3 categories. Exempt income This is income that you do not pay tax on, although, some […]
5 February, 2021
Tax treatment of insurance payments for damaged or destroyed property after a disaster

Tax treatment of insurance payments for damaged or destroyed property after a disaster

The Australian weather can be unpredictable, resulting in intense weather conditions. Bushfires, severe storms or floods can cause personal properties and assets a lot of damage. […]
28 January, 2021
Tax registration for trusts as trustees and beneficiaries

Tax registration for trusts as trustees and beneficiaries

Trusts have their own tax file number (TFN) that should be used to complete tax returns. Trusts are also able to apply for an Australian business […]
21 January, 2021
Taxation of your unused leave when leaving a job

Taxation of your unused leave when leaving a job

When your job ends, whether there has been a termination of employment or redundancy you will receive a payment for unused leave. This payment will be […]
14 January, 2021
Fuel tax credits for businesses

Fuel tax credits for businesses

The government provides fuel tax credits for businesses with a credit for the fuel tax (excise or customs) that is included in the price of fuel […]
7 January, 2021
Lodging your business activity statement

Lodging your business activity statement

Businesses that are registered for GST are required to lodge a business activity statement (BAS). These assist in the reporting and payment of: Goods and services […]
18 December, 2020
What do tax audits involve

What do tax audits involve?

Tax audits are conducted when the ATO deems that a more extensive examination of an issue is necessary. These audits can be conducted on a fairly […]
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