by Camden Professionals | Jul 31, 2024 | Small Business Tips, Smalll Business
Australian Small Business and Family Enterprise Ombudsman Bruce Billson has reminded businesses of the changes that have come into effect from 1 July, 2024 It is essential that small-business owners and managers understand these changes, Billson said. Business leaders...
by Camden Professionals | Jul 31, 2024 | ATO, Income Tax Returns, Tax Tips
For many of Australia’s approximately 13 million individual taxpayers, preparing their tax returns each year can be a task worth completing promptly—especially if there’s a potential refund. However, the October 31 deadline for lodging tax returns can...
by Camden Professionals | Jul 31, 2024 | Investment Planning, Shares, Wealth Planning
In Australia, franked dividends provide a unique tax advantage for investors by allowing them to receive a tax credit for the tax already paid by the company distributing the dividends. This system, known as dividend imputation, ensures that profits are not taxed...
by Camden Professionals | Jul 17, 2024 | SMSF, Succession Planning, Tax & Accounting
A range of concessions encourage small business owners to add the proceeds from selling their business to their retirement savings. If you are a small business owner preparing for retirement, here are some key considerations to make one final boost to your nest egg....
by Camden Professionals | Jul 17, 2024 | Finance, SMSF
One of the fundamental rules for a self-managed superannuation fund (SMSF) is the general prohibition on borrowing. This restriction aims to reduce the risk to retirement income from funds gearing their assets. However, there is an exception that allows an SMSF to...
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