Our Financial Blog
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How Is Dividend Taxed In Australia?
How is dividend taxed in Australia? Many business owners are very confused about Division 7A. I mean, yes, it is evil. And ends up with unpleasant surprises. Forget that yacht. Buy this donut instead. Because you are left with pocket change once Div 7A...
Is it worth claiming a tax deduction on super contributions?
Is it worth claiming a tax deduction on super contributions? Is superannuation really the last refuge of tax-loop-holism? Well, allow a tax-loop-hologist to guide you through some of it. I could write a book on super and tax deductions, but a) it has been done...
Prepaid Expenses – Accounting and Tax
Taxation keeping business owners awake Prepaid expenses & how it works. The topic of prepaid expenses is one that offers a kaleidoscope of complications. It can more confusing than a crypto-head trying to explain blockchain to .. well, to...
Business Tax Deductions
Taxation keeping business owners awake All business owners look forward to this – you have guessed it.. coffee with their taxation guy, of course. This is also part of the reason why many of you walk around looking like pandas. Dark circles around...
The SMSF and Asset Protection
The ATO's concern The ATO has a few concerns in this area – and it is important to be equally concerned – if these guys are getting their nose out of joint for something. Me and advising on SMSF's? I am not sure I can even advise on much of this....
Taxation of Hybrid Trusts
Introduction to Hybrid Trusts Hybrid trusts are among a small group of not-so well-known tax structures out there. Some people don’t know about them. Others don’t like them. For whatever the reason may be, these structures don’t come up a lot....
Let’s Protect Your Personal Assets
Yes, we are talking about your bum. Bum-covering, to be more precise. It’s no coincidence it’s called “Asset” protection. J-Lo didn’t think it was funny at all. All jokes aside, we should.. Secure Your Financial Well-being: Let’s look at...
How to determine the appropriate circumstances for utilizing the reduced corporate tax rate and franking credits
The company tax rates have now undergone revisions. With a standard rate of 30%, and the possibility of lower company tax rates being applicable in certain years. However, before celebrating, let’s dive in and figure out where exactly we can do this. As you know, with...
Business structures are taxed differently – Australia.
Sole proprietors and corporations share comparable tax and reporting responsibilities, yet it's crucial to understand their distinct features. In the table provided below, we outline both the disparities and commonalities between them. We also briefly look at trusts....
Tax on Businesses – Corporate structures in Australia.
What we know is Unsurprisingly, in an increasingly global economy, investors and business alike want to know what’s the deal when it comes to business tax in Australia. Business tax deductions vary Companies that do not qualify as a...
Additional REsources
A Few Other Resources We’ve Created for Our Customers
Car Allowances, Deductions and Tax
People's obsession with cars and taxes The cars. Remember that song in Transformers. Drive? Megan Fox? Well, this post is unfortunately not about that. Taxes instead. For some reason, people are obsessed with cars and what deductions are...
What is the right business structure for you, in Australia?
Bran-gelina's business got "restructured" proper. Well, people change their minds all their time, right? Of course, we do. It's the human thing to do. Wives leave after 14 years. Even Brad and Angelina have “restructured”. So, too, a company may opt to...
Is Your House Flipping Going To Turn Into A Tax Nightmare?
Some are sitting duck - target practice.. The ATO likes to zero in on some segments sometimes. When they do they are lethal. They are not staffed enough to watch everyone. So, the generic stuff is a bit of a crap shoot. But they can seek and destroy effectively...
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