Put your tax refund to good use Many people treat their tax refund like a mini lottery win. This tax time, consider putting your “gift” from the ATO to good use. Perhaps it’s the modern world we find ourselves in that leads taxpayers to look at their tax refund like it’s a fortuitous windfall gain. […]
5 Smart Things To Do With Your Tax Refund Read More »
Warning from the ATO about scams The ATO has warned of ongoing scam emails, SMS messages or telephone calls in which criminals try to steal money or information from taxpayers. These scam communications can be very convincing and many people become scam victims every year. To avoid becoming a victim, it is important that you know some of the common
7 Tips For Spotting Scams Read More »
Better late than never! As the end of the financial year draws near it’s time to think about what strategies you can adopt to avoid paying more tax than is necessary for the 2015-16 year. This is simply a list of possibilities to direct your thinking and not all of these tips will be suitable
Last Minute Tax Planning Tactics Read More »
ATO Laws regarding capital gains tax conditions and exemptions relating to your main residence can be confusing. This article aims to eliminate the confusion. CGT Main residence exemption Main residence CGT (Capital Gains Tax) exemption can be extended to cover the time it takes to construct (or repair) that residence. This is sometimes referred to as
Building A New Home And CGT Exemption Read More »
Frequently asked questions about self managed superannuation funds In recent years one of the most popular topics our clients want to discuss with us is their eligibility to have a self managed super fund, so we have compiled a list of questions asked by our clients and by the clients of our industry peers. We
SMSF Questions And Answers Read More »
New Capital Gains Tax withholding rules for foreign residents Details of how it will administer the new foreign resident C.G.T. withholding payment rules have been released by the ATO. The new withholding rules will apply to contracts entered into on or after 1 July 2016. Summary of the new CGT withholding rules When a foreign resident disposes of certain
New Foreign Resident CGT Withholding Payment Rules Read More »