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.
13
May 2019
5 tax tips when renovating property
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.
16
Apr 2019
Save Tax – Opportunities with Super for 2019
In the lead-up to 30 June, we want you to be aware of new opportunities to save tax with super contributions.
03
Apr 2019
Top 5 Trust Account Audit Tips
To ace your trust account audit, you need to first ask yourself this – do you really understand your trust account? Essentially, a trust account is a special type of bank account “where money is received or held by an agent (including any member of the agency’s staff) on behalf of another person in relation to real estate, business or settlement transaction.” If you’re a Realtor (or an investor contemplating getting licensed), you’ve
03
Apr 2019
Top 5 Trust Account Audit Tips
To ace your trust account audit, you need to first ask yourself this – do you really understand your trust account? Essentially, a trust account is a special type of bank account “where money is received or held by an agent (including any member of the agency’s staff) on behalf of another person in relation to real estate, business or settlement transaction.” If you’re a Realtor (or an investor contemplating getting licensed), you’ve
02
Apr 2019
Tax Planning for the 2019 FY
With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June to reduce your tax and grow your wealth.
02
Apr 2019
Tax Planning for the 2019 FY
With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June to reduce your tax and grow your wealth.
29
Mar 2019
Single Touch Payroll To Affect All Employers
Single Touch Payroll (also called STP or one touch payroll), is an initiative from the ATO to encourage frequent salary reporting. This means you’ll be required to report salaries and wages, PAYG withholdings, and superannuation, every time you pay your permanent employees. From 1 July 2018, STP became mandatory for employers with 20 or more employees, and from 1 July 2019, all small business owners are required to report their payroll
13
Feb 2019
Fuel tax credit rates have increased
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