by Ed Chan | Mar 7, 2021 | Tax & Accounting
An unfranked dividend represents company profits paid to shareholders which have no tax credits attached to the dividend. Ed Chan of Chan & Naylor accounting firm in Sydney talks about its advantages in detail. All dividends whether franked or unfranked are not a...
by Cindy Su | Mar 7, 2021 | Tax & Accounting
Ever wondered if you have to pay tax on lottery winnings? Well, guess what, if you win tomorrow’s mind-blowing $100M Powerball draw, you can have all the winnings to yourself! Yay! According to the Australian Taxation Office (ATO), if you win in prize draws, raffles,...
by Chan & Naylor | Dec 10, 2020 | Business, Business Support, COVID-19, Tax & Accounting
JobMaker 2020-21 | Does your business qualify? On 6 October 2020 as part of the 2020–21 Federal Budget, the Morrison Government announced a new incentive for businesses to employ additional young job seekers called the JobMaker Hiring Credit. The JobMaker Hiring...
by Chan & Naylor | Dec 10, 2020 | Finance, Property Investment, Tax & Accounting
COVID-19 – Post-recession: How house prices will rise in the next 5 years Real estate investment has proven its resilience once again as prices have risen over the past 12 months and forecasts point to further strengthening, the Property Investment Professionals...
by Chan & Naylor | Dec 10, 2020 | Finance, Property Investment, Tax & Accounting
Australians who are on older loans & mortgages, are being advised that simply switching to a better rate could see them pocket thousands of dollars over the life of a loan. A report collated by the Australian Competition and Consumer Commission (ACCC) found that,...
by Chan & Naylor | Nov 24, 2020 | Construction, Property Investment, Tax & Accounting
Are you thinking about building a new investment property? With the numbers proving that new properties hold the most depreciation deductions, building new is a popular choice. Understanding construction costs can provide a ballpark figure of what to expect when...
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