Let’s face it, nobody wants to think about what will happen to their family once they pass away, let alone talk about it. But the truth is, it’s easier for you and your family to make good decisions while you’re alive and well rather than after you’re gone. Because we don’t know what life may […]
Nobody wants to pay more tax than they have to (or come under the ATO’s radar). Our free checklist will help you ensure all your income and deductions are accounted for. Get my Tax Return Checklist For straight-forward, practical taxation, accounting and financial advice call us on 02 8850 0388. .
In the 2018-19 Federal Budget, changes to the Personal Income Tax Plan were announced. These changes have been passed, taking effect on July 1, 2018. There are two changes you need to know about for the coming financial year The top threshold of the 32.5% tax bracket has increased from $87,000 to $90,000. This change […]
If you are buying new residential premises or potential residential land subdivisions, GST will now need to be paid directly to the ATO at settlement. These changes will apply to contracts dated on or after 1 July 2018. Please note: These changes do not apply to the sale of existing residential properties, or to new […]
If you operate a business using a trading name, you have until the 31 October to register it as a business name on the Australian Business Register (ABR). Once a business name is successfully registered, it will appear on the Australian Securities and Investments Commission (ASIC) register and the ABN Lookup. Can’t remember if you […]
Yes, it’s that time of year again, when businesses start scrambling to prepare their tax returns. Here are 4 tips to make the process as stress-free and streamlined as possible. Start getting your records organised now. Whether you have paper files or computer records, now is the time to get everything together in one place […]
Tip 1 – Dreaming alone isn’t enough! It’s fine to have dreams about being wealthy one day but only if you put actions in place to achieve those dreams. Start by focusing on small, simple things you can do to increase the revenues of your business. It might be to attend 1 networking event each […]
With the high price of Sydney housing, many parents are helping their children enter the property market by lending or gifting deposits and guaranteeing their loan. While this is commendable, it’s important to understand that if you fail to formalise arrangements, you could regret this decision for years to come. In particular, some mortgage brokers […]