Capital Gains Tax: What Every Property Owner Needs to Know
Are you selling a property and confused about capital gains tax (CGT)? You’re not alone. Many people struggle to understand how CGT affects their real estate transactions. Let’s break it down. First, how much do you need to pay in CGT? Some think it’s a flat 30% or 40%, but that’s not correct. CGT isn’t […]
3-Step Process to Achieve Business Goals
As the new financial year begins, it’s the perfect time to assess your business finances. Whether you’re an experienced entrepreneur or new to goal setting, now is the time to establish clear objectives. Operating a business without clear goals is like paddling without direction—you’ll work hard but may not reach your destination. Here’s a simple […]
Q1 2025 Lodgment Dates: How to Stay Compliant
As we approach the first quarter of the new financial year, we must consider the upcoming ATO deadlines. While the dates are familiar, the ATO’s stance on non-compliance has tightened. Gone are the days of lenient extensions; now, late lodgments are met with penalties that are easier to incur and can be steep. Our experiences […]
2025 Individual Tax Rates: What Employer Need to Know
As the calendar turns to the 2024-2025 financial year, employers should brace themselves for notable changes in payroll, driven by updates in tax rates and superannuation contributions. These adjustments, kicking off from July 1, 2024, are poised to affect both your cash flow and your employees’ take-home pay. Reduced Tax Rates for Employees The first […]
Tax fraud worth 10s of millions of dollars
In the prime of youth, when the world seems ripe with opportunities, it takes a particularly bold—or foolhardy—individual to attempt a swindle against the government’s coffers. Today, I will unfold the tale of a daring business owner from the Riverina district of Australia, whose ambition led him to tangle with the Australian Tax Office (ATO) […]
How to Rescue Business from the Brink of Bankruptcy
There’s a certain thrill that pulses through your veins when you see your business revenue climbing. It’s like watching a garden you’ve nurtured bloom, each new sale a petal unfurling towards the sun. But as any seasoned gardener knows, a thriving garden demands more than just growth—it requires careful management, pruning, and sometimes, the hard […]
Modern Methods Used by Criminals to Avoid Taxes
Picture this: You’ve just wrapped up a purchase, and as the cashier hands you the receipt, everything seems in order. But what if I told you that behind the scenes, some shrewd operators are playing a high-stakes game of hide and seek with the taxman? It’s a narrative that’s becoming all too familiar in a […]
Business Travel Hacks: Save Big on Your Next Trip with These Deduction Techniques!
Greetings from the vibrant heart of Bangkok! As I pen this, the city’s skyline stretches out before me, a testament to the bustling activity and endless possibilities that travel brings into our professional lives. I’m currently settled into the comfort of the Conrad Hotel, a temporary home base for an exciting four-day online business conference […]
Why you should reset your financial goals and targets regularly
In the ever-changing landscape of business, it is crucial to adapt and stay ahead. If you’ve experienced a significant shift, whether internally or externally, taking a moment to review your financial goals is a smart practice. Merely revisiting your goals on an annual basis leaves you financially vulnerable. By being proactive and agile, you can […]
3 Critical Issues Specific to Healthcare Businesses
Are you a healthcare professional who feels anxious at the mere mention of financial management and tax obligations? If the thought of juggling the numbers and regulations while providing top-notch patient care makes your heart race, you’re not alone. But fear not—this post is all about turning that anxiety into mastery. Over the years, we’ve […]
