Exploring the Australian Federal Budget 2024-25: Key Highlights

The Australian Federal Budget for 2024-25 is a comprehensive financial plan that addresses a wide range of national priorities. Here are some key highlights: Tax Cuts for Every Australian...

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Unravelling the Impact of Food and Drinks on Income Tax, GST, and FBT

Food and drinks play a significant role in our daily lives, but they also have implications for taxation in Australia. From income tax deductions to Goods and Services Tax...

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Navigating the Proposed Changes in Superannuation: What You Need to Know

Superannuation is a cornerstone of Australia’s retirement system, providing financial security for millions of Australians. However, recent proposals for changes to superannuation regulations have stirred discussions and concerns among...

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What to do if the Australian Taxation Office (ATO) notifies you of a tax debt

For many business ATO debt can be significant issue. Receiving a notice from the Australia Taxation Office (ATO) indicating a tax debt can be a daunting experience for everyone....

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What is the taxable payments annual report (TPAR)?

If you are running a small or medium business, it’s important to be aware of any reporting obligations to ATO (Australian Taxation Office). ATO has started to increase access...

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Negative gearing and property investments

Negative gearing is a commonly used term to describe a situation where expenses associated with an asset are greater than the income earned from the asset. Gearing is simply...

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Am I an Australian resident for tax purposes?

The Australian Taxation Office (ATO) uses a few different tests to assess whether you are an Australian resident for tax purposes. In Australia we have residency tests, all of...

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“What are crypto assets? – and how they are taxed”

For a very long time a decade ago, the crypto asset was only one: bitcoin. Now to understand crypto assets you need to differentiate them from cryptocurrencies and digital...

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“Self-Managed Super Funds – Should I consider establishing Self-Managed Superannuation Fund?”

Self-managed super funds (SMSFs) are a way of saving for your retirement. It’s a superannuation fund with 6 members or less, most cases a SMSF will consist of family...

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Investing; Minimising Tax is a key to building and sustaining your wealth

These days investing can be more savvy, putting a bit of thought in the investment and then might be able to invest in a more tax efficient way. The...

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