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Tax

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

Tax

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

Update

End of financial year countdown

It’s a big time of year in the world of small business and tax, so we’ve put together a quick checklist and some key changes… from End of financial year countdown

Tax

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

Financial Planning

Who needs a financial planner?

I’m often asked this question, and the best way for me to answer is to ask you some questions first! Of course, no two clients… from Who needs a financial planner?

Tax

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

Tax

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

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

Tax

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

Superannuation

Now is a super time to get your employees’ Super sorted

The ATO have their super-hero capes on and they are cracking down on late or unpaid superannuation (super) by employers. It is compulsory for employers… from Now is a super time to get your employees’ Super sorted