Introduction: Investing in managed investment trusts can be a smart financial move, but understanding the tax implications is crucial. This blog will guide you through the complexities of managed investment trusts, covering topics such as trust income, losses, deductions, and capital gains. Let’s unravel the mysteries surrounding these financial instruments. Types of Managed Investment Trusts … Continue reading The Secrets of Managed Investment Trusts
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 Capital gains tax (CGT) can be tricky to understand, but it’s essential if you’re buying and selling assets in Australia. One way to reduce the tax you owe when you sell something valuable is through the CGT discount. In this easy-to-follow blog, we’ll break down what the CGT discount is, who can get it, … Continue reading Simplified Guide to Capital Gains Tax Discounts
Introduction As we step into the heart of the 2023–24 income year, it’s essential to stay on top of your tax obligations to avoid interest and penalties. To help you navigate the upcoming months of September and October, we’ve put together a quick guide to key compliance dates. Whether you’re an individual, business owner, or … Continue reading Your Tax Calendar for September and October 2023: Stay Ahead of Your Tax Obligations
Introduction Trusts have long been a popular legal and financial instrument for business structuring and asset management. They provide benefits like asset protection, income distribution flexibility, and possible tax advantages. However, recent developments and crackdowns by tax authorities such as the Australian Taxation Office (ATO) have raised concerns about the viability of trusts for business … Continue reading Trusts – Are They Still Worth It? Navigating the Changing Landscape
