Tax season can be a stressful time, but one of the most common questions on everyone’s mind is: how long will it take to get my tax return? The processing time for your tax return depends on several factors including whether your return is complete and accurate and the processing times of the Australian Taxation […]
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As the year progresses and we inch closer to tax time, one question on everyone’s mind is: when can I lodge my tax return for 2024? Whether you’re an individual taxpayer, a business owner, or a tax professional, staying informed about key dates and requirements is essential. Here’s a comprehensive guide to help you understand
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The term “recession” often makes headlines and stirs concerns about the economy, businesses, and households. But what does it really mean, and how can Australians prepare for it? What is a Recession? In simple terms, a recession is a significant decline in economic activity across the economy, lasting for an extended period, typically two consecutive
What is a Recession in Australia and How Can You Prepare? Read More »
Cryptocurrency has grown exponentially in popularity over the last decade, attracting both seasoned investors and newcomers. Along with this rise in adoption comes an important question for many: do you only pay tax on cryptocurrency when you cash out? This blog explores the tax implications of cryptocurrency transactions in Australia. Understanding Cryptocurrency and Tax in
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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)
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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
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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
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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
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