Discounting your Capital Gain Introduction The capital gains tax (CGT) discount can reduce by 50% a capital gain that you make when you dispose of (sell) a CGT asset that you have owned for 12 months or more. However, the discount is only available to: individuals...
Self-education – when is it deductible? Introduction There is no specific provision in the income tax legislation that allows a deduction for self-education expenses. Rather the expenditure falls for consideration under the general deductibility provision of the Tax...
Trusts – are they still worth it? The recent ATO crackdown on trusts will no doubt have some business owners (and even some advisors) asking themselves the question: Is this structure for business purposes still worth it? Introduction: ATO Scrutiny on Trust...
Tax Time: Unexpected first-time debts Introduction For the first time, many Australians are finding themselves in a position where they are being told they owe the ATO money after completing their tax return this year. Navigating Common Misconceptions A significant...
Boost Your Business with 120% Deduction for Skills Training & Technology Costs Introduction Discover the latest government initiative for businesses – the Deduction for Skills Training & Technology Costs, designed to offer exciting benefits to eligible...
