SMSF tax returns are due on February 28 if you are lodging your SMSF annual return yourself. Your SMSF return is due on October 31 for your first SMSF year and if you missed to lodge your return for the previous …
ReadTick-tock, Tick-tock As tax return deadline looms close, Australian taxpayers are racing to lodge tax return with ATO, as they encourage taxpayers to file early or get a late refund check. Lodge Tax Return with ATO Before October …
ReadSydney and Melbourne aren’t waiting for another cash rate cuts to boost its property market. Experts predict these cities are poised for growth and will achieve at least two digits house property price increase early next year. So, if you’re thinking of …
ReadAmidst persisting concerns on housing affordability, cashed-up buyers are gaining confidence in buying suburb properties in Australia today. With the Australian Prudential Regulation Authority (APRA) easing bank’s assessment criteria by reducing affordability buffers, buyers could get an additional of up to …
ReadLodging and paying tax online is simple and secure thanks to the Australian Taxation Office (ATO). They provide a range of online solutions to make tax payments more convenient. Let’s discuss the different types of businesses, when tax …
ReadWhat is financial accounting and why is it important to a business? Sometimes called the “language of business”, financial accounting is the method of finalising financial accounts. It generally follows the three-step process which are: Review – accountants …
ReadA self-managed super fund loan or an SMSF loan is a home loan operated by an SMSF to purchase investment residential or commercial property. The investment profits, regardless if they’re from capital gains or rental income, are directed …
ReadFrom the implementation of Single Touch Payroll (STP) in small business accounting systems to troubling revelations about the ATO’s conduct surfacing, 2018 saw a turbulent ride for the world of SME taxation. 2019 is looking to be as disruptive, …
ReadSuccessful business owners have the confidence, intelligence, and ambition to implement and execute their business plan. However, some lack an essential habit that’s needed to make a business truly successful – a complete understanding of the numbers that …
ReadGot a fantastic concept for a business? If your present job isn’t hacking it in terms of personal rewards or earnings, now might be the time to unleash the business owner in you and join the two million …
ReadAccording to CoreLogic’s data, the property prices in Sydney and Melbourne are falling at a fast rate. Melbourne’s median home value slid 0.4% last week with a decline over the past month of 0.8%. Sydney’s median home value …
ReadReal estate in Australia, particularly in New South Wales, will be about $500 cheaper for the average property buyer starting next year. According to the NSW government, it will be making the “most significant reform in a generation” …
ReadAccording to the Australian Taxation Office (ATO), excess super contributions tax is due on superannuation contributions that go over the concessional (before tax) or non-concessional (after tax) cap amount. While saving is a great way to plan for …
ReadInsolvency is when a business or individual’s liabilities total more than the value of the assets and the debts can no longer be paid. If you or your company is facing insolvency, here are some general scenarios on …
ReadWith the federal election nearing, the polls currently show that Australian Labor Party (ALP) is on track to win. If they do win, at the top of their agenda is property tax changes. The ALP is proposing to …
ReadUpdate: The Single Touch Payroll deadline has been extended. Click here for more details on the extension. For companies who have 20 or more employees, reporting your payroll and superannuation information to the Australian Taxation Office through …
ReadScammers have been pretending to be ASIC, contacting customers and asking them to pay fees or give their personal information. The emails have a link with a fake invoice, which if you click, infects your computer with a …
ReadAccording to a recent CoreLogic study, residential property values in most capital cities have declined in February for the fifth consecutive month. It was more moderate than the declines in the past two months but it was the …
ReadThe property industry now provides more blue collar trades and high finance jobs than any other industry in Australia. According to a report by AEC Group, the property sector employs over 1.4 million people, taking over social assistance …
ReadIt can be very difficult to select the best property and closing a real estate loan can just be as complicated. The deadlines, fees and anxiety can be difficult, particularly for first home buyers. However, you can deal …
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