Are you dealing with complex tax or superannuation issues? Feeling a bit lost or overwhelmed? Don’t worry; you’re not alone. Many people face tricky legal questions in these areas, and that’s where barristers come in handy. Let’s break it down. What’s a Barrister? Think of them as legal specialists. They’re experts in giving advice and … Continue reading Why You Might Need a Barrister for Tax and Super Matters
Good news for those planning for retirement! Starting July 1, 2024, there will be an increase in superannuation contribution caps, making it easier for you to save more for your future. What are contribution caps? Contribution caps are limits the government sets on how much money you can add to your superannuation each year. There … Continue reading Super Contribution Caps to Increase in July 2024: What You Need to Know
Xero accounting is popular in today’s world. It is cloud-based accounting software that allows accounting and finance professionals to automate scheduled tasks and serves as an avenue to keep sensitive financial information safe. It sounds very effective for a business, but it has been even more effective by nature. Once you incorporate it into your … Continue reading Why Should You Take Xero As Your Primary Business Accounting System?
Are you considering selling your small business? If so, understanding the ins and outs of Capital Gains Tax (CGT) small business concessions could save you significant money. In this guide, we’ll break down the essential information you need to know, including how to leverage the CGT small business rollover for maximum tax benefits. First off, … Continue reading A Guide to CGT Small Business Rollover
Introduction: The Australian government’s recent approval of Stage 3 tax cuts brings about exciting opportunities for taxpayers to make permanent savings. By understanding the changes and strategic planning, individuals can benefit from reduced tax rates starting July 1, 2024. Overview of Stage 3 Tax Cuts: The key changes include lowering the 19% tax rate to … Continue reading Seizing the Stage 3 Tax Cuts: A Guide to Permanent Savings
Whether you are in Sydney, any of its suburbs or any other region, you will hear a lot about Xero in the domain of accounting. It is basically a cloud-based accounting software that makes financial management a breeze. It is mainly used for businesses of all sizes. In fact, accounting professionals also recommend the usage … Continue reading Why Xero Accounting Has Gained Traction Over Time?
Filing your tax return at the right time should be your primary aim every year. Meeting the deadline can be stressful for anyone, and timely lodging can lead to great returns in the long run. You can actually gain some great financial benefits if you file your tax return on time. When you stay compliant … Continue reading How Can You Lodge a Tax Return Deadline Extension?
Introduction: In a perfect world, banks would always do right by us, giving good advice and being transparent. But sometimes, they mess up. When this happens, regulators step in to fix things and compensate those who get hurt. If you find yourself getting money back from your bank, you might wonder if you have to … Continue reading Making Sense of Taxes on Money You Get Back from Your Bank
Whenever it comes to managing the finances of your business, you have to go through BAS (Business Activity Statement) preparation, which is an important aspect of this kind of management. This will involve the regular reporting of various tax obligations to the ATO (Australian Taxation Office). But you may find it difficult as a business … Continue reading What Exactly Can Simplify the Process of BAS Preparation?
Choosing a registered tax agent is not only an important decision but also a bit of a complicated process. While there are many in the industry, however, you need to find the most trusted one. Making any kind of mistake can have a harmful impact on your business or financial well-being. Therefore, it is vital … Continue reading 3 Vital Mistakes to Avoid When Choosing a Registered Tax Agent
