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 “Audit Shield” coverage. These emails are sent to you on our behalf, by “Accountancy Insurance.”… 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, chocolate… Rumours of what we can and can’t 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
Redrawing on investment loans – what it means for you
If this is your first rodeo with an investment property, you may have learned that the interest charged on investment loans is tax deductible. Hooray!… from Redrawing on investment loans – what it means for you
Want six months in Bali without the CGT?
Don’t we all. Well, the main residence exemption rule means that you may be able to be absent from your main residence without triggering Capital… from Want six months in Bali without the CGT?
