With the new tax season upon us, we understand that our clients are eager to have their tax returns. These included non-allowable items such as….
2019 Tax Return Process
With the new tax season upon us, we understand that our clients are eager to have their tax returns completed and processed….
Rental Properties
ATO Tips & Mistakes to avoid when declaring the income and expenses on your rental property this financial year.
Are you entitled to $1,080 from the ATO?
We’ve all heard a lot in the media recently about the governments ‘cash’ refund for taxpayers who earn up to $126,000 in the 2019 financial year. It’s been so widely publicised it’s caused a flurry…..
Do you have a myGov account?
Many Australians have chosen to setup a myGov account as part of the Governments program to enable access to various services…..
Small Business Concessions
There are 4 small business concessions available to help offset capital gains made by small business but only if 3 basic conditions are satisfied.
ATO Lodgement Due Dates
We are just about at the end of the 2019 Financial Year and as such we thought we would provide some insight into lodgement due dates.
Pensions
After a lifetime of work, retirement is the reward. If self-funding, retiring before pension age or saving to meet retirement financial goals, you will need to have a strategy in place to ensure your retirement is all that you’d hoped for.
2018-19 ATO Crackdown
Hundreds of thousands of Aussies are expected to receive “please explain” letters this year amid a dramatic escalation in the ATO’s crackdown on the $8.7 billion “tax gap”.
Work-related claims like dry cleaning and car expenses
Back to basics: Franking Accounts, Credits & Dividends
A franking account records the amount of tax paid that a franking entity can pass on to its members/shareholders as a franking credit. Each entity that is, or has ever been, a corporate tax entity has a franking account.
