articles
Division 293 tax - Will you be caught?
If you're a high income earner, you may soon be asked to pay an extra 15% tax on the amount of concessional contributions that exceed the $250,000 threshold. Read more...here.
The fine line between property development and "merely realising an asset"
There can often be a fine line between whether a person is carrying on property development activities or is "merely realising an asset". Read more...here.
The CGT main residence exemption concessions are very useful
Probably the most overlooked reason for the housing affordability crisis in Australia at the moment is the capital gains tax (CGT) exemption for a person's home itself. Read more...here.
The secret life of TFNs
Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many taxpayers won't give it a second thought when tax return software responds with an "invalid" message when a TFN is entered. Read more...here.
Can I add to my super pension?
A common question that is often asked is whether amounts can be added to a superannuation pension account once it has commenced. Read more...here.
you may have received an email like the one below from the tax office
The Tax Office is pushing on with its move towards eliminating communications via the Post. If you lodge any activity statement or related document electronically, whether via us as your tax agent or using the Business Portal then the Tax Office will work on the basis that all future communications related to BASs, IASs, PAYG instalment notices, etc. will be via electronic means. The same result will occur if you link your myGov account to the Tax Office.
If you expect to receive a quarterly BAS/IAS/PAYGI notice and you haven't by two weeks before it is due for lodgement/payment please contact us to confirm your contact details with the Tax Office or to organise the restoration of supply of hard copy statements via the Post.
your needs are our priority
We listen to what you want and put your needs first...
what we can do for you
We specialise in meeting the needs of small businesses and investors.