New Airbnb tax
As of 1 January 2025, there will be a 7.5 per cent levy for short stay holiday house accommodation bookings in Victoria. This will apply… from New Airbnb tax
No stamp duty on apartments for 12 months
The Government recently announced a 12-month exemption on stamp duty for those purchasing a new build for apartments and townhouses. The 12-month period will apply… from No stamp duty on apartments for 12 months
Do social media influencers pay tax?
Being a social media influencer is now considered a lucrative and exciting career choice for many. What is a social media influencer? An influencer is… from Do social media influencers pay tax?
Audit Shield
You may have recently received a notification from us regarding āAudit Shieldā coverage. These emails are sent to you on our behalf, by āAccountancy Insurance.ā… from Audit Shield
Vacant Residential Land Tax (VRLT) now Victoria wide
All owners of vacant residential land (as defined by the SRO) are required to submit a notification form to the SRO by Wednesday 15 January… from Vacant Residential Land Tax (VRLT) now Victoria wide
Mythical deductions
Weddings, pets, chocolateā¦ Rumours of what we can and canāt claim on tax have done the rounds for years. We thought it would be fun… from Mythical deductions
Victorian property taxes update
There has been an increase in land tax across Victoria and following the recent state budget announcement, it looks as though it is not set… from Victorian property taxes update
Changes in reporting requirements for not-for-profits
From the end of this 2023-2024 (current) income year, all non-charitable not-for-profits (NFPs) with an active ABN will need to lodge a self-review annual return…. from Changes in reporting requirements for not-for-profits
Changes to personal income tax
The Federal Government recently announced tax cuts for all Australian individual taxpayers, effective from 1 July 2024. This means that every taxpayer will be paying… from Changes to personal income tax
Annual trust distribution requirements
One of the many requirements of the trustee(s) of a trust is to make an annual distribution resolution, where annual profits are allocated to beneficiaries…. from Annual trust distribution requirements
