The Australian Taxation Office (ATO) is flexing its regulatory muscles by reminding SMSF trustees and auditors to consider diversification and liquidity risks in their SMSF investments. 17,700 SMSFs received ATO’s letter The office wrote to 17,700– or 3 …
ReadHaving trouble securing a much-needed bank loan for your business? There are hundreds of other small businesses in your predicament. It is increasingly difficult to get business loans from traditional banks in Australia due to regulatory bottlenecks. This …
ReadA Business Activity Statement (BAS) is a tax reporting obligation for business. It is issued by the Australian Taxation Office (ATO) and facilitates the payment of Goods and Services Tax (GST), Pay As You Go (PAYG) instalments, PAYG …
ReadFor individuals who use myGov for different government services such as Medicare, Centrelink, or My Health Record, the method that you receive communications from the Australian Taxation Office (ATO) and how we receive correspondence from the ATO on …
ReadAccording to an article from Your Money, while most capital cities in Australia are currently experiencing a property downturn, real estate in Brisbane seems to be progressing as noted in a most recent land valuation report from the …
ReadAccording to a report recently released by Moody’s, the property recession led by the nation’s two biggest housing markets is weakening Queensland’s revenue gains from reforms to GST funding. Moody’s Investor Services states government debt levels remain high …
ReadWhile both bookkeeping and accounting play important roles in a business’ financial success, there are important distinctions. Let’s compare the two. Bookkeeping Bookkeeping is part of the process of accounting in business. The purpose of bookkeeping is to …
ReadBookkeeping software, like Xero, is a convenient way to organise your business records, as it allows you to review your profits and expenses at a glance, and spares you the hassle of sifting through mountains of paper. However, …
ReadSummer is just around the corner, and with it comes the exciting prospect of a well-deserved holiday. Many of us are now busily making travel plans, and many property owners are planning for travellers! Leasing a room or …
ReadThe Australian Taxation Office (ATO) conducted a small business engagement research last April that found tax accountants continue to play an important role in supporting small businesses. Across the country, accountants were the preferred source of tax and …
ReadIt’s a busy time of the year but it’s important to be ready for tax time to ensure the smooth lodgment of your tax returns. You will receive the usual tax information from us including checklists. One of …
ReadParents often want to help their children enter the property market. Some even consider giving one of their properties to their children. However, doing this has several implications and parents must choose the right strategy for them. Chan …
ReadThe recent Commonwealth Games are expected to cause a lot of hype on the Gold Coast housing market based on the long-term effects of the Sydney 2000 Games, which happened in one of the more unattractive areas of …
ReadThe May 2018 issue of real estate magazine, Your Investment Property, featured industry experts including Janelle Bartlett of Chan & Naylor Redlands. The issue covered strategies on how to keep your property safe from fire, theft and tenant …
ReadMany people aspire to financial independence, but it requires discipline and strength of mind. Very few take the necessary action to achieve financial comfort. How can we have sufficient financial resources to live comfortably? Here are some tips …
ReadThe tax season is already in full swing and it is the best time to talk about several tax deductions that may be available to you but you often forget as a taxpayer. Do you wonder what the …
ReadThe housing boom is over, but the Queensland market continues to provide the potential for growth, according to a Chan & Naylor tax accountant in Redlands. National values have dropped for five consecutive months for the first time …
ReadThere are several reasons why you should not procrastinate when filing your tax return. Remember that many people are blindsided by their tax bill and if you wait until the last minute, you might have less time to …
ReadBrisbane accounting firm, Chan & Naylor, tries to look at the recent Brisbane apartment downturn and analyses what is really happening in the market. Brisbane currently has around 1,184,000 residents and 16,000 more people are expected to live …
ReadThe question is, should you to lock in your loans into fixed rates or not? Interest rates are currently low and property investors are still being offered attractive fixed loan rates in spite of APRA’s intervention. Notably, accountants …
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