Small Business Tax Audit Triggers
As the pandemic and associated stimulus now subside, the Government, via the ATO, will be making it a priority to increase revenue collections and reduce
How do high income earners reduce taxes in Australia?
taxes have become increasingly more complex and permeate our personal, business, investment, retirement, and estate planning and leads to the topic of how to minimise
Benefits of a Corporate Trustee for a SMSF?
If the trustee of a self-managed super fund (SMSF) is a company, it is known as a corporate trustee. Despite the overall benefits of having
COVID-19 and Fringe Benefit Concessions ( FBT )
In your haste to organise changes for employees due to COVID-19, the last thing you probably considered was the Fringe Benefit Tax (FBT) impacts of
What are assurance services?
Assurance services include an audit, a review, or agreed-upon-procedures. Each of these services may be undertaken by an independent auditor however the assurance afforded to
What’s the Purpose of a Financial Report Audit?
A financial report audit will give your organisation enhanced credibility as well as identify any potential or current risks which may be a threat to
What is Family Tax Benefit & is it Taxable Income?
With the rising costs of raising children, the Government's Family Tax Benefit can be a welcomed payment for some families. This article looks at if
Four Ways To Invest For Retirement
There are many ways to invest for retirement but breaking the solution down into some of the more common ways, makes the process less overwhelming.
IS MY FOREIGN INCOME TAXABLE IN AUSTRALIA?
As an individual Australian tax resident, you’re taxed on your worldwide income. YES, all of it! At the outset it is important to distinguish if you
Prepare for a Financial Audit
How do I prepare for a financial audit for my organisation? What is an audit on my financial statements? Should I be worried about an