by Camden Professionals | Feb 9, 2025 | SMSF, SMSF Management Fees, Superannuation
Self-managed super funds (SMSFs) provide individuals with greater control and flexibility over their retirement savings, allowing them to make investment decisions and manage certain aspects of their fund operations. However, this autonomy comes with complexities,...
by Camden Professionals | Feb 9, 2025 | ATO, Landlords, Property Investment, Property Investment
Data matching is already a widely employed practice in the rental sector. In August, the Australian Taxation Office (ATO) obtained property management data from software companies, covering 2.3 million landlords, building on an initiative that began in May 2021. The...
by Camden Professionals | Feb 9, 2025 | Business, Division 7A Rules, Smalll Business, Tax & Accounting
A Division 7A loan refers to a loan arrangement between a company and its shareholder, where funds are transferred to the shareholder with the understanding that they will be repaid within a specified term, typically seven years. This method is considered one of the...
by Camden Professionals | Feb 9, 2025 | Cyber Security, Small Business, Small Business Tips, Tax & Accounting
Cybersecurity is no longer just a concern for large corporations and government agencies – small businesses are increasingly becoming targets for cybercriminals as well. In fact, small businesses are often more vulnerable due to limited resources and lack of robust...
by Camden Professionals | Jan 30, 2025 | ATO, FRCGW - Foreign Residents Capital Gains Witholding, Perth Property Investment, Property Investment, Property Investment Tips, Tax & Accounting, Tax Tips
What Australian Residents Need to Know About Updates to the Foreign Resident Capital Gains Withholding (FRCGW) Starting from 1 January 2025, the Foreign Resident Capital Gains Withholding (FRCGW) rules will be changing. Currently, Australian residents selling property...
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