So the ATO has contacted you or your accountant notifying you of a review and/or an audit will take place on your tax return. What do you do? Facing an audit is unwelcome scrutiny that no taxpayers would like to be subjected to. Not only that, they can wind up costing...
Figuring out your contractor business tax deductions and what expenses can be claimed on your business can cause incredible confusion with all of the different rules that apply to different types of expenses. Expenses for a contractor business can be claimed against...
Deciding on being engaged as an employee v contractor can be two very different things despite a lot of similarities. This can have implications on tax, superannuation, minimum pay and employment laws that may be applicable depending on how you are engaged by a...
If you own property and use it as your main residence then generally you are eligible for the main residence CGT exemption when you sell the property. What is CGT? CGT is an acronym for Capital Gains Tax which refers to a form of tax that is applied at the time an...
What types of investment property tax apply? There are two types of investment property tax that apply to investment properties that owners should be aware of. These two include capital gains tax (CGT) and income tax concerning your rental property. In this article,...
If you are a contractor or sub-contractor, then there is a chance that you may be entitled to super contributions for contractors made by the businesses you engage with. One of the first things we ask when we engage contractors with our accounting service is whether...
