Uncategorized

Phishing emails remain the most popular method to deliver malware.

The concept of a “going concern” exemption for the purposes of the goods and services tax (GST) can still cause confusion when businesses are sold.

Elon Musk discusses his new project digging tunnels under LA, the latest from Tesla and SpaceX and his motivation for building a future on Mars in conversation with TED’s Head Curator, Chris Anderson.

Land Tax is a State based Tax consequently if you have properties in various States you will need to meet each states individual land tax regulations. So even if you have properties held by the same entity but in different States this entity will be required to lodge Land Tax Returns for each respective State.

The ATO has progressed its talks and work with industry to implement events-based reporting in the SMSF sector, and reassured professionals it may not be as regular as some had initially thought.

The general rule is that you can claim deductions for expenses your business incurs in its task of generating assessable income. Many of these deductions are obvious – rent, materials, supplies and so on – but there are also some less obvious options left available just before the end of the income year, should your circumstances suit, to further reduce your enterprise’s tax burden for the year.

You generally make a tax loss when the total deductions that can be claimed for a financial year exceed the total of assessable and net exempt income for the year.

Financial literacy isn’t a skill – it’s a lifestyle. Take it from Curtis “Wall Street” Carroll. As an incarcerated individual, Carroll knows the power of a dollar. While in prison, he taught himself how to read and trade stocks, and now he shares a simple, powerful message: we all need to be more savvy with our money.

Given the state of the property market in Australia these days, a not-uncommon situation can arise where a residential property owner seeks to demolish and subdivide the block containing the family home and build residential units.

If you’re coming in soon to discuss your tax return for yourself or your business, try not to turn up completely empty handed, or at least to turn up prepared with some records or electronic access to them.