Introduction: We’ve all been there—rummaging through drawers, scouring folders, and frantically searching computer files, only to realise that our tax records are nowhere to be found. Whether it’s due to a move, a technological mishap, or the unfortunate aftermath of a natural disaster, the panic that sets in is undeniable. But fear not, for there … Continue reading Tax Troubles: What to Do When Records Go Missing
Introduction: The holiday season is upon us, and while gifts under the tree are delightful, have you considered giving yourself a gift that keeps on giving? Picture this: a super gift that not only doesn’t cost a thing but sets the stage for a financially secure future. Intrigued? Let’s talk about the ultimate super gift … Continue reading The Ultimate Super Gift for Yourself this Christmas
Introduction: Selling a family holiday home can be a bittersweet decision, filled with considerations beyond just parting with property. One crucial aspect that often requires careful thought is the Capital Gains Tax (CGT) implications associated with such a sale. In this blog, we’ll explore some key considerations and rules surrounding CGT when selling a holiday … Continue reading When Selling Your Family Vacation Home, How to Deal with Capital Gains Tax
Introduction: As we celebrate my one-year birthday, let’s delve into a crucial topic for everyone, especially as we age: planning for cognitive decline. In Australia, dementia is the second leading cause of death, and it’s essential to be prepared for a time when you may not have the capacity to make important legal or medical … Continue reading Planning for the Future
Introduction: Owning a holiday home can be a dream come true for many Australians, providing a retreat from the hustle and bustle of everyday life. However, when it comes to tax time, holiday homeowners need to navigate the rules surrounding deductions accurately. This blog aims to shed light on the key considerations and questions to … Continue reading Wonderland for Your Holiday Home
In today’s rapidly advancing technological landscape, scams have become increasingly sophisticated, making it crucial for individuals to be vigilant and proactive in protecting themselves. As part of the National Anti-Scams Centre’s annual Scams Awareness Week, we want to empower you to Stop, Think, and Protect against the rising tide of scams, particularly those impersonating trusted … Continue reading A Guide to Recognising and Reporting Scams in Your Digital World
Introduction: In the dynamic landscape of business, understanding and navigating through the intricacies of taxation is crucial. One such essential aspect for businesses is the Goods and Services Tax (GST). This comprehensive guide aims to shed light on how GST works and the obligations businesses need to fulfil to stay compliant. How GST Works: GST … Continue reading A Comprehensive Guide for Businesses
Introduction: In the dynamic world of employment, many individuals find themselves juggling multiple jobs or experiencing changes in residency status throughout the year. Understanding how to claim the tax-free threshold is crucial to managing your finances efficiently. In this guide, we’ll explore the intricacies of claiming the tax-free threshold in Australia, particularly when dealing with … Continue reading Multiple Jobs and Residency: A Guide to Claiming the Tax-Free Threshold in Australia
As we step into the final stretch of 2023, the Australian Taxation Office (ATO) has unveiled a roadmap for the Not-for-Profit (NFP) sector, outlining significant changes and initiatives set to shape the landscape in 2024. A Shift in Focus: One notable move is the transition of the NFP Centre from the ATO’s Private Wealth business … Continue reading A Look into Australia’s Not-for-Profit Sector in 2024
Tax time can be a challenging period for small businesses, but with the right tools and information, you can ensure a smooth and efficient process. The Australian Taxation Office (ATO) offers a range of resources to help you manage your tax and superannuation obligations. In this guide, we’ll cover essential information and updates for small … Continue reading A Guide for Small Businesses
