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How to Start a Business in Australia 

Starting your own business in Australia can be both exciting and rewarding. However, to set yourself up for success, you need to set yourself up properly. Making a mistake in the early stages can...

What is the 6-Year Rule for Capital Gains Tax? 

When it comes to property investment in Australia, understanding tax implications is crucial to ensuring that capital gains tax, if any, is kept to a minimum. One such key tax rule which you may have...

Is GST Payable on Residential Property in Australia?   

When buying, selling, or renting property in Australia, one key consideration for both buyers and sellers is the Goods and Services Tax (GST). While GST is a well-known part of many commercial...

How to Lodge a Sole Trader Tax Return 

Running a business as a sole trader offers simplicity and flexibility, but it also comes with tax responsibilities and potentially tax disadvantages that must be managed carefully. Lodging a tax...

When Should You Consult an SMSF Accountant?  

Self-Managed Super Funds (SMSFs) are a powerful tool for Australians looking to take control of their retirement savings. However, managing an SMSF comes with significant responsibilities, ATO...

7 Critical Steps to Take When Receiving an Inheritance  

Properly managing an inheritance is crucial to ensure it benefits you and possibly future generations. Here are seven critical steps to take when you receive an inheritance:  1. Pause and Reflect...

How to Avoid Capital Gains Tax on Shares in Australia  

Investing in shares can be a great way to grow wealth. It is also important to have an accountant Melbourne by your side who can help you plan and strategize to save Capital Gains Tax (CGT). In...

Do You Have to Pay Tax on Gifted Money or Inheritance? 

When receiving money through a gift or inheritance, many people wonder whether they are required to pay tax on it. The answer is it depends. Let’s explore how gifted money and inheritance are treated...

What is a Hire Purchase Agreement? 

When businesses or individuals require assets such as cars, machinery, or computer equipment but cannot or prefer not to purchase them outright, a hire purchase agreement can be an ideal solution...
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