Tax Compliance

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Australian Federal Budget 2023: Must Know Small Business Taxation and Business Changes

Small businesses are the backbone of the Australian economy, employing over 6 million people and contributing significantly to the country’s GDP. Every year, the federal government releases a budget that outlines the financial plan for the country. In this article, we will be discussing the Australian Federal Budget 2023 and the must-know small business taxation …

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Budget, Business Advice, Tax Compliance,

The Fringe Benefits Tax Assessment Act of 1986 & How It Affects You

The Australian government passed the Fringe Benefits Tax Assessment Act in 1986 to make sure that employers pay the right amount of taxes when they give their workers certain benefits. This act is important for employers because it spells out the rules and regulations for providing these benefits and makes them pay their fair share …

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Sponsorship, Insurance, Company, Loans, Property, Property Investment, Subsidies, Tax Advice, Tax Compliance, Tax Return,

What Is a Fringe Benefit? A Guide

A fringe benefit is a form of compensation provided to employees that goes beyond their normal salary or wages. These benefits can include things like health and dental insurance, life insurance, disability insurance, housing allowances, education assistance programs, childcare programs, employee discounts, and more. Fringe benefits are usually provided by employers to attract and retain …

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Finance, Sponsorship, Insurance, Company, GST, Loans, Payroll, Subsidies, Tax Advice, Tax Compliance, Tax Deductions, Tax Return,

How Much Tax Do I Pay? Where to Learn about Your Tax Obligations

Understanding the answer to ‘how much tax do I pay in Australia?’ is key to ensuring you’re meeting your obligations as a private individual or as a business owner. By gaining clarity on what you will owe and knowing ahead of time what to set aside money for, you can prevent yourself from facing a …

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ATO, Payroll, Tax Advice, Tax Compliance,

How to Do A Tax Return: FAQs to Help You Lodge Your Taxes

Are you looking for answers to some of the top questions about filing tax returns in Australia? This guide will provide you with the information you need to get your taxes lodged correctly. We’ll cover how to do a tax return, how to lodge online, and other answers to some of the most common questions …

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Tax Agent, Accounting, Tax Advice, Tax Compliance, Tax Refund, Tax Return,

How To Avoid Capital Gains Tax on Investment Property

Taxes are unavoidable in life, and it’s no secret that when you sell your investment property you’ll be up for capital gains tax (CGT). You might not be able to avoid paying tax altogether, but can you reduce the amount of tax you pay? You’ll be pleased to know that yes – there are simple …

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Property, Property Investing, Property Investment, Tax Advice, Tax Compliance, Tax Deductions,

property investment, Property Tax, property development, capital gains taxation, capital gains tax,

How To Find Out Property Tax in Australia

If you’re considering moving to a new property, understanding property taxes is a necessity. After all, you can’t plan your budget if you don’t know how much money you’re giving to the government in the form of taxation. Read on to find out more about property taxes, how to estimate property taxes and how to …

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Real Estate, Property, Property Investing, Property Investment, Tax Advice, Tax Compliance,

Property Tax,

Property Development Finance

The first step to getting a new property development off the ground is to ensure the project is properly financed. Many developers, particularly inexperienced ones, underestimate how much capital they need, which can result in costly delays and project overruns. In this article, we are going to explore finance for property development. We’ll discuss what …

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Finance, Business Advice, Cash Flow, Cashflow, Property, Property Investing, Property Investment, Tax Advice, Tax Compliance,

property development, property development finance,

Property Accounting Basics: What You Need to Know

Are you a property owner? Or perhaps you’re a management company that handles the ins and outs of property for multiple clients? Understanding the property accounting basics is a good starting point to ensure you meet all your obligations. Much like any other business, accounting for an investment property has clear rules and requirements to …

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Property, Property Investing, Property Investment, Tax Advice, Tax Compliance, Tax Deductions, Tax Depreciation,

property accountant,

How much is Property Tax in Australia?

Property tax can seem confusing, but it’s not impossible to understand. In this blog post, we provide tips on how you can understand these numbers across different states and properties, but it’s worth noting that other factors can sometimes impact these calculations. Property tax rates in Australia for land tax There are four main types …

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Property, Property Investing, Property Investment, Tax Advice, Tax Compliance,