What often seems to make perfect sense in the real world does not always make sense for the Australian Tax Office (ATO).

The amnesty is over, and the ATO are taking the gloves off when it comes to foreign income!

With the new financial year upon us, you might be thinking about getting ready to lodge your tax return, either on your own or through a registered tax agent. Ask yourself (or your tax agent) these six questions to make sure you get your tax right and use this tax time to set yourself up for a great year ahead. 1. Which records do I need to keep? sales and

When cash flow gets tight, corporate compliance is often the first casualty. Some directors also think that if a tax debt can’t be paid, that it’s best not to lodge any tax returns. Here are 7 reasons why it’s best to keep tax lodgements up to date and accurate – even if they can’t be paid! The traditional 21 day Director Penalty Notice (DPN) Where a company has a PAYG

Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and after 30 June. Some of these will help to minimize your tax and with Webtaxonline tax accountant Toronto you will have the hand of a professional to manage any issue or just to make sure you are in the right path.. Others are compliance measures

With tax time fast approaching, here are five tax time tips to ensure you maximise the deductions for your investment property.

Do you have a Discretionary Trust (also known as a Family Trust)? If yes, you need to be aware that you must complete your Trust Distribution Resolutions before 30 June. Why? To avoid paying extra tax at up to 47% on Trust profits.

In today’s world, who does not want to own a property? All the way from a Hua Hin Real Estate to the Maimi Beach Mansion, everyone has their eye set on one or the other property. Renovations and repairs can boost the capital value and rental yield of an investment property, but they can also have tax implications, so before reading up on renovation tips, investors should seek expert tax

Hi Tony, in the lead-up to 30 June we want you to know why using a “bucket company” can be a great strategy for saving tax on trust profits distributed.

In the lead-up to 30 June, we want you to be aware of new opportunities to save tax with super contributions.