Category: Tax

Small Business CGT Concessions & Exemptions We Want You To Know About

Small businesses are facing a set of challenges once again that can make fulfilling tax obligations seem like a daunting task. However, as a small business, capital gains tax concessions on assets…

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Don’t Get Stung! You May Need To Pay Extra Tax On These Relief/Support Payments.

Have you, over the course of the past financial year, received a government assistance payment, support payment or disaster relief supplement? There have been a number of cases where people who received…

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Gig Economy Workers Are Warned That The ATO Is Watching

The inexpensive and profitable side hustle is under the ATO’s watchful eye when it comes to declaring income this tax season. With many gig economy workers often earning their income as independent…

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Gig Economy Workers Are Warned That The ATO Is Watching

The inexpensive and profitable side hustle is under the ATO’s watchful eye when it comes to declaring income this tax season. With many gig economy workers often earning their income as independent…

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Your First Tax Return: What You Need To Know

Tax return season is quickly approaching for individuals. You may need to begin thinking about the process sooner rather than later to ensure that you have everything ready for your accountant. If…

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Invested In Cryptocurrencies? So Is The ATO – But Not For The Reason You Think

Cryptocurrency investments are on the ATO’s radar this tax return season, with 100,000 taxpayers to be alerted by the ATO of their tax obligations from their cryptocurrency investments this financial year. It’s…

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Don’t Copy/Paste Your Tax Return From Last Year

Due to the impacts of COVID-19, how Australians claim work-related expenses on their tax returns every other year is sure to be different this year. The ATO is warning Australians that they…

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Stamp Duty Tax – The Invisible Cost To Purchases

When you’re buying a property, there’s a high likelihood that you’re going to need to pay a tax known as stamp duty on top of the price originally agreed on for that…

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Stamp Duty Tax – The Invisible Cost To Purchases

When you’re buying a property, there’s a high likelihood that you’re going to need to pay a tax known as stamp duty on top of the price originally agreed on for that…

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The Federal Budget 2021-22: Low & Middle Income Tax Asset Rebate Extension Announced

The Low and Middle Income Tax Offset has been extended for another 12 months, meaning that taxpayers whose wage earnings situate them within a certain income bracket will again be able to…

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