A trust is an asset-holding entity that is managed by an obligated person or entity (trustee) to maintain the assets for the benefit of its beneficiaries. Trusts can provide you with crucial asset protection, estate planning along with …
ReadThe tax return deadline is 31 of October 2018. Depending on when you’ve read this article, you may still have a bit of time left or the deadline has already passed. Here’s what you can do if you …
ReadTo help streamline the Australian Taxation Office’s (ATO) Single Touch Payroll system, the ATO will now allow business tax accountants to submit STP lodgments on behalf of small and medium businesses. This move should also help business owners …
ReadThe Australian Taxation Office (ATO) is heightening its data matching efforts to ensure tax compliance by property investors and to detect fraud against the Commonwealth. Rental bond data Through the ATO’s collection of rental bond data from the …
ReadThanks to state and territory incentives such as first home buyer grants and stamp duty concessions, first home owners across Australia are on the rise. Over the past few years, the numbers for first home buyer activity was …
ReadThere may be adverse consequences if you do not understand property investment rules relating to a Self Managed Superannuation Fund (SMSF), particularly if the property is acquired from a fund member or a related party. Chan & Naylor …
ReadBusinesses that have an annual turnover of $10 million or less will have less tax to pay on their 2016-17 income tax return, according to business accountant Chan & Naylor. The Australian Taxation Office has lowered the company …
ReadThe global stock markets have recently experienced one of the largest falls in more recent times. While investors may have concerns property markets seem to have been unaffected despite the gyrations of the share markets. Will the volatility …
ReadAs a first home buyer, you should be aware that there are various types of residential real estate loans, which have different repayment terms and interest rates. You should first talk to a finance specialist to find out …
ReadProperty investment is all about location so when you have determined your budget, you often look for an attractive property ie. waterfront, school zones, proximity to infrastructure or but sometimes it’s all out of your price range. Properties …
ReadFirst time buyers and investors may not know the exact time when it’s best to buy a property. The best time often occurs when you plan, research and prepare well and you’re in the right place at the …
ReadNobody works harder than those running their own business, but quite often owners can be so busy that they don’t have the chance to see how their finances are really tracking. Fortunately, your small business accountant in Sydney …
ReadAustralia’s big banks finally agree to certain changes outlined by the Australian Securities and Investment Commission (ASIC) and the Australian Small Business and Family Enterprise Ombudsman to remove unfair terms from their contracts. Enterprises should have a place …
ReadThere has been a lot of talk about the high household financial stress in Australia but the truth is, it has not manifested in any significant increase in mortgagee defaults, which remain low despite investment loans experiencing higher …
ReadAustralia’s overall economy is growing at an almost stalling speed with its GDP growing only about 1.8 per cent in 2017 with a possible acceleration of about 2.5 per cent in 2018. This seems inadequate to address the …
ReadFor our clients who have companies, it has come to our attention that there have been quite a number of overdue penalties issued by ASIC for failure to pay the annual ASIC review fee by the due date. …
ReadWhen preparing accurate tax returns, two typical areas where people get unstuck, with the Tax Office coming back asking for further information, is with claiming their legitimate expenses for both business car use and phone with business/home office …
ReadJuly 2016, stamp duty payable on business assets (excluding property) in NSW will be abolished. This means that that stamp duty will no longer be charged on business sales next financial year. For more information, please click …
ReadDid you know that as a small business there are two grants immediately available to you from the NSW Government? Both the Small Business Grant and the Payroll Tax Rebate Scheme, are designed to give you an incentive …
ReadLand Tax – Update for 2015 Land tax is a tax levied on the owners of land as at midnight of the relevant date of each year depending on the state in which the property is located (refer …
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