Miscellaneous
The ATO is currently reviewing adherence to certain trustee obligations, including the lodgment of Tax File Number (‘TFN’) reports for TFN withholding for closely held trusts. Beneficiaries are required to quote their TFN to trustees to avoid having tax withheld from payments or unpaid present entitlements, and trustees must lodge a TFN report for any […]
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Capital gains tax is the tax paid on the gain of the sale of a capital asset. Capital assets such as real estate or shares, when sold, need to be declared in your tax return. The gain or loss is determined by the selling price of the asset less the purchase price. If there is […]
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Time Management & Self-Management is extremely important to ensure you are getting the most out of your day. Whether it be at work or home, you can apply the same principles to be your best version of YOU every day. There are a few ways you can get the most out of your day […]
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With the festive season done and dusted for another year, you may find yourself motivated about getting your priorities right and looking at new year goals. If you’re working for yourself or simply just like to be organised for the end of financial year ahead, take this opportunity to de-clutter and organise that chaos! Here […]
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A deed of family arrangement can make it possible! There are times when the terms of a deceased’s will are not suitable and the beneficiaries involved seek to have the will varied. There are various situations where this may be the case, such as changing circumstances over a long period of time from when the […]
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Various tax implications can arise with a statute barred debt. So what is statute barring and when can it be a problem? In simple terms, a statute barred debt is when it has reached a statutory limitation period where it can no longer be legally recovered by creditors. Specifically, each state and territory in […]
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