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 your Australian taxes.
COVID-19 and Fringe Benefit Concessions
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 providing this support?
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 the user differs substantially.
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 your business and its efficiency.
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 your payments are taxable income.
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 are an Australian resident for tax purposes, if not you’ll generally only be taxed on income derived or sourced in Australia.
How to 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 audit?
What Can You Claim Working From Home?
The impact of COVID-19 on people working from home has been significant. If you are working from home, you’ll be incurring additional costs and it’s important you accurately capture these to ensure you’re not paying too much tax.
Planning Your Retirement
Put simply, if you plan to retire at 55, the length of your working career may be nearly the same length as your retirement!
It’s never too early to start your retirement plan. This article highlights 9 steps to start your retirement plan.