Our Financial Blog
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Let’s Protect Your Personal Assets
Yes, we are talking about your bum. Bum-covering, to be more precise. It’s no coincidence it’s called “Asset” protection. J-Lo didn’t think it was funny at all. All jokes aside, we should.. Secure Your Financial Well-being: Let’s look at...
How to determine the appropriate circumstances for utilizing the reduced corporate tax rate and franking credits
The company tax rates have now undergone revisions. With a standard rate of 30%, and the possibility of lower company tax rates being applicable in certain years. However, before celebrating, let’s dive in and figure out where exactly we can do this. As you know, with...
Business structures are taxed differently – Australia.
Sole proprietors and corporations share comparable tax and reporting responsibilities, yet it's crucial to understand their distinct features. In the table provided below, we outline both the disparities and commonalities between them. We also briefly look at trusts....
Tax on Businesses – Corporate structures in Australia.
What we know is Unsurprisingly, in an increasingly global economy, investors and business alike want to know what’s the deal when it comes to business tax in Australia. Business tax deductions vary Companies that do not qualify as a...
10 Best Accountants Focused On Serving Small Businesses In Melbourne.
Do you need to go through 100 accountants to find the best services in Melbourne? We don’t think so. Accountants perform an important service nevertheless. So, here are some of the best accountants (and their services) we have come across (we looked at...
Rental Property Expenses in Australia – A Comprehensive Guide
As property owners in Australia, understanding the expenses associated with rental properties is crucial. These expenses can have a significant impact on your finances and taxes. In this guide, we’ll provide a comprehensive overview of rental property expenses, so you...
How are unit trusts taxed?
If you are getting into property (and you are worried about tax deductions and property tax), you will want to know about this in detail. You will have many other valid reasons to do so, below – but also, please know that a large proportion of people who get serious...
A Good Property Tax Accountant Gets You Bigger Deductions
Here's a list of services that a property tax accountant in Australia might offer. -Keeping the books for rental properties so you don't have to lose sleep over it -Presenting financial statements that are so clear, even a real estate novice could understand...
Which Cost Base Elements Apply To You
Firstly, What Are Elements Of The Cost Base - And What Is The Reduced Cost Base? First of all, as you probably know, we are talking about Capital gains tax – when we mention cost base or reduced cost base. That is a tax that individuals and businesses pay when...
CGT Events | Can You Spot Them?
CGT Events | Do you actually know how to spot them? Capital Gains Tax Events or CGT Events can be hard to spot. CGT events and selling an asset should not be this hard to understand. There is a lot of objective criticism to all tax systems across...
Additional REsources
A Few Other Resources We’ve Created for Our Customers
Family Trusts And What You Should Know About Australian Law
a *There are so many things you should know about trusts. But this article about family trusts looks mostly at Australian law, covering some of the basics that folks should be aware of. Arguably, a very important aspect of trusts as the latter are legal...
Family Trusts and their differences from other trusts
*There are so many different types of trusts. Which one to get into if you are property wins? Perhaps a high level knowledge of these trusts can shed some light? But, be careful as usual - contact an accountant (or us) before doing anything dangerous. ...
Trust Parties: Settlor, Trustee and beneficiaries
*Many people struggle with this. Family trusts get real technical real quick. This is something people are always asking, novices and advanced ones too. Do you know the parties in a trust? Find out below* Trust Parties: Settlor, Trustee, Beneficiaries...
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