by Chan & Naylor | May 25, 2021 | Tax & Accounting
While planning of any kind has been challenging over the past 12 months, tax time remains a certainty for all businesses and individuals who are working from despite the easing of Covid-19 restrictions. Tax planning should be a key element of your business and...
by Chan & Naylor | May 25, 2021 | Tax & Accounting
Preparing Your Income Tax Returns for EOFY – June 30, 2021 Now is a great time to review tax planning opportunities and consider where you might stand to benefit. Tax Planning for Individuals We have produced a comprehensive Tax Planning Guide for Individuals to...
by Chan & Naylor | May 13, 2021 | Budget 2021, Superannuation
No changes to increase in superannuation guarantee percentage Despite increasing pressure from some businesses and the media to again pause the superannuation guarantee (SG) rate, no changes were announced to the SG rate in the Budget. Consequently, from 1 July 2021,...
by Chan & Naylor | May 13, 2021 | Budget 2021, Business Support
A number of important measures were announced to more broadly support business taxpayers. These measures will support businesses to invest and grow, remove unintended consequences and reduce compliance costs. Extension of temporary full expensing measure A one year...
by Chan & Naylor | May 13, 2021 | Uncategorized
Many individuals will also directly benefit from the 2021-22 Federal Budget with reduced taxes for low and middle income earners, support for child care, greater access to voluntary superannuation contributions under the Government’s First Home Super Saver Scheme and...
by Chan & Naylor | Apr 28, 2021 | ATO
Single Touch Payroll Reporting | ATO changes The Tax Office has laid out some of the major changes to reporting for businesses under Phase 2 of Single Touch Payroll (STP). The federal government said in the 2019–20 budget that Single Touch Payroll would be expanded to...
by Chan & Naylor | Apr 28, 2021 | Property Investment
Property Investments Tips – 2021 Are you wanting to buy your first investment property this year? Or maybe, you’re looking to grow your portfolio. Whatever your 2021 plan is, here are some tips to help finding the perfect investment property for you. Research,...
by Chan & Naylor | Apr 28, 2021 | Property Investment
The Reason Why Property Prices Keep Rising As we come to the end of the financial year, improving economic conditions; supported by economic stimulus and effective containment and management of the COVID-19 health response have served as a strong catalyst for...
by Chan & Naylor | Apr 28, 2021 | ATO, Tax Returns
Top Tips for Preparing Your Income Tax Return The end of the financial year can be an exhausting and stressful time for small businesses and individuals. Throw in the complications of Covid-19, and, preparing for the EOFY has become an increasingly complicated process...
by Chan & Naylor | Apr 7, 2021 | Property Investment, SMSF
SMSF Investment Strategies – Dealing with increased scrutiny With the 2020/21 financial year entering the last quarter, it is timely for SMSF Trustees to consider the currency of the Fund investment strategy, in light of the increased scrutiny being applied to the...
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