What is Capital Gains Tax? How do you calculate Capital Gains Tax?
There is a simple solution to the question “how to calculate Capital Gains Tax (CGT)”. Give it to Bishop Collins Accountants to do! Ok, if you
How to figure out Payroll Tax, tax deductions related to payroll and deductions from employees pay
Payroll, in terms of taxation, can mean many different things. We’re often asked questions that have various meanings, depending on the person's level of experience asking.
Are you eligible for Research & Development tax incentives?
Do you have a great idea and need support to commercialise it? The Federal Government provides a refundable tax offset as an incentive to encourage Australian
An auditors response to fraud in financial reporting
Fraud is a broad legal concept; the auditor is concerned with fraud that causes a material misstatement in the financial report. An auditor can
How Does Superannuation Work?
Before we can understand how superannuation works, we need to understand what a superannuation fund is and why we have it
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
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
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