You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications. Many small-scale developers often assume that their tax...
The ATO has been shifting its focus on taxpayers with outstanding tax lodgments and debts recently. Fin out how to avoid being penalised at the increased penalty rates in 2023–24. Announced as part of the 2023–24 Federal budget, increased funding has been provided to...
With the start of the new tax year upon us, please do not forget about your final tax obligations for 2023. Here is a list of key tax dates for July and August 2023. For most of you, this means finalising your general ledger accounts in order to get the necessary...
As the current financial year draws to a close, it is time for businesses to consider thevarious tax planning options and strategies available to them. Below are examples of tax saving strategies available to small businesses: Temporary full expensing Temporary full...
What will impact you in the new budget? The Federal Treasurer Jim Chalmers handed down the 2023 Federal Budget on 9 May 2023. This budget and the measures within it are designed to reduce the cost of living. The Budget also includes $3 billion to relieve energy bills,...
As the end of the financial year approaches, it’s essential to start thinking about tax planning strategies to minimise your tax burden and maximise your savings. By taking proactive steps to manage your taxes, you can keep more of your hard-earned money and...
