Day trading has become increasingly popular among Australians, with many taking advantage of volatile financial markets to generate income. However, when it comes to taxation, day trading isn’t as straightforward as buying a share or two for the long term. Understanding how your trading activity is classified and taxed by the Australian Taxation Office (ATO) […]
Day Trading and Tax in Australia – A Trader’s Guide Read More »
Dreaming of a holiday but worried about the cost? Whether you’re planning a local getaway or an international adventure, creating a budget is the key to enjoying your trip without financial stress. As a business accountant , I’ve seen how proper financial planning can ensure you have a stress free holiday. Here are practical tips
Accountant Melbourne Tips: How to Budget for a Holiday Read More »
Running a business comes with many challenges, and managing finances is often at the top of the list. Accounting services, often seen as an added expense, can actually be one of the most cost-effective investments a business can make, especially if you choose the right accountant. By leveraging a professional accountant Melbourne, businesses can save
How Can Accounting Services Save Your Business Money? Read More »
Managing cash flow is one of the most crucial aspects of running a successful business. Despite its importance, it’s often misunderstood or not given due consideration by business owners. This blog will break down the basics of cash flow, how it works, and how you can analyse it to ensure your business remains financially healthy
CashFlow: How It Works and How to Analyse It Read More »
If you’re buying property in Victoria, Australia, understanding stamp duty is essential. Stamp duty is a tax levied by the state government on property transactions (as well on the sale of motor vehicles). This guide will help you understand the basics of stamp duty on property transactions, how it’s calculated, and whether you’re eligible for
How Much Is Stamp Duty in Victoria? Read More »
Superannuation, often referred to as “super,” is Australia’s retirement savings system. Established by the Australian federal government, it helps Australians build savings throughout their working life, so they can support themselves and their loved ones financially once they retire. Here’s a breakdown of what you need to know. What Is Superannuation? Superannuation is a long-term
How Superannuation Works in Australia: A Guide to Retirement Savings Read More »
Tax time can be a stressful time for many individuals and business owners. With multiple lodgements and deadlines to navigate, it’s easy to understand why some may procrastinate or, worse still, forget to lodge altogether. However, missing the tax return deadline can lead to a range of consequences, from penalties to more severe actions by
Is Your Tax Return Not Filed on Time? What Could Happen? Read More »
Starting a business in Australia means understanding Goods and Services Tax (GST) – a 10% consumption tax on most goods and services. Knowing when and how to register for GST is important to ensure you stay compliant with Australian Taxation Office (ATO) rules. Here’s what you need to know about GST registration: What is GST?
What Do You Need to Register for GST? Read More »
Capital allowances are tax deductions businesses can claim when purchasing certain assets. Capital allowances are designed to encourage investment in productive assets by allowing companies to claim tax deductions. Knowing how capital allowances work is essential for business owners who want to make informed financial decisions and minimise their tax liability. What Are Capital Allowances?
What You Need to Know About Capital Allowances Read More »
Capital Gains Tax (CGT) is a complex area of law, and you must seek professional advice from a business accountant. Note that in some situations, you can defer paying CGT through a CGT rollover. This blog will explain what CGT rollovers are, the types available, and how they can benefit you. What is Capital Gains
CGT Rollover: All the Things You Need to Understand Read More »
