In Australia, the Pty Ltd Company (proprietary limited company) is one of the most popular business structures chosen by entrepreneurs and business owners. Pty Ltd companies […]
A Self-Managed Super Fund (SMSF) is a unique and increasingly popular retirement savings vehicle. SMSFs offer individuals and families greater control, flexibility, and investment choices than […]
In the realm of tax law, a critical concept revolves around understanding the notion of “entities connected with you.” This concept serves as a linchpin in […]
Record-keeping, if done well, can help running a business much easier. It gives you an overview of the business’ financial progress so that owners can assess […]
How much tax you pay on your super contributions and withdrawals depends on a variety of factors. The process takes into account your total super amount, […]
Businesses receive four different types of concessions on top of CGT exemptions and rollovers which are available to everyone. These allow businesses to disregard or defer […]
There are different types of deductions that individuals can claim to reduce their taxable income. Work-related expenses In order to claim work-related tax deductions, the expenses […]
Investment income needs to be included when conducting tax returns. This includes any income acquired through interest, dividends, rent, managed funds distributions, and capital gains. The […]
The Federal Budget for 2020 announced personal and business tax relief through various tax cuts. The legislation was approved by parliament meaning that individuals and businesses […]
What are fringe benefits? Employees may opt to make an agreement with their employers that provides them with fringe benefit ‘payments’ in a form other than […]