According to the Parliamentary Budget Office (PBO), six million Australians who currently earn between $23,000 and $64,000 a year will be pushed into higher tax brackets by 2027. So someone who earns $66,000 a year would be paying …
ReadDepreciation is a complex area, so unless you’re a specialist Quantity Surveyor or a qualified Tax Accountant, it can be hard to wrap your head around it. As such, investors miss deductions all the time, meaning they could …
ReadWhen we first start out, we generally employ people as Casuals. It is the easiest relationship really. We just put them on and pay them for the hours worked. Simple exercise really. But it is not necessarily the …
ReadIt’s important to understand the range of individuals who may be entitled to receive a superannuation death benefit. This paper, the first of two parts, considers those who would be classified as dependents under superannuation law. The second …
ReadThinking of buying into the hospitality industry? Then you’ll be pleased to read the results from this year’s Bankwest Future of Business: Focus on Hospitality Report. The report gives a useful overview of what’s happening in the industry …
ReadCapital Gains Withholding is the Australian Taxation Office’s (ATO) withholding law that imposes an obligation on foreign residents to pay tax liabilities related to any sale of Australian property and other taxable assets. Foreign residents who sell specific …
ReadIn the past, bank lending policies were more lenient, and getting a home loan application approved was quite simple. However, in recent years, bank lending criteria has become tighter, and there has been a whole new level of …
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 …
ReadTo help reduce payroll tax and to create better transparency, the Victorian government will start a new standardised method of calculating the value of startup companies and their shares. This new method will adopt a so-called “safe harbour” …
ReadKnowing how to protect your small business from lawsuits is essential in turning your business into a successful enterprise. There are a number of things to consider doing or not doing which can be potentially disastrous for your …
ReadBookkeeping is an accounting process wherein a bookkeeping specialist or a bookkeeper will record the financial transactions of a business on a day-to-day basis. This process ensures that the financial records of a business, such as ledgers, journals, …
Read2018’s Spring property investment outlook is full of opportunities despite negative headlines, according to Sam Khalil. DPN’s Managing Director advises that some Australian markets look set for future capital growth, with affordable property prices and booming infrastructure. DPN …
ReadFinancial factors are stopping more than half of Australians from achieving their life goals, according to research by Debt Rescue. As many as 53.2% of those surveyed responded with income and debt as being the main factor inhibiting …
ReadDespite its reputation for being Australia’s best-performing capital city market in terms of value growth, the evidence suggests Hobart’s housing market is set to weaken, according to CoreLogic research analyst Cameron Kusher. Data from the firm shows that …
ReadSuperannuation is a highly regulated area, with many ‘do’s and dont’s’ from the ATO. But a recent court decision could have profound implications for what we can do with property held in Super. A father was able to …
ReadManaging Partner of Chan & Naylor South West Sydney has been shortlisted not once, but twice, for this year’s SMSF and Accounting Awards. Chan & Naylor Managing Partner Peter Ristevski from South West Sydney is officially in the …
ReadAre you looking for more information on how to calculate for a capital gains tax return? Preparing a capital gains tax return doesn’t have to be difficult. Here’s a quick guide to help you through the procedure. What is …
ReadIf you are a foreign owner of a residential property, there are some changes in the Annual Vacancy Fee that you should be aware of before you complete your 2018 tax return. What is the annual vacancy fee? …
ReadChan & Naylor’s Managing Partner of Property & Business Tax Accountants in Perth, Lilian Fisher, discusses capital gains tax in the August 2018 issue of Your Investment Property magazine. The popular investment magazine has a Tax Q & …
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