by Camden Professionals | Apr 2, 2024 | ATO, Property Outlook, Tax & Accounting, Tax Deductions
If you’ve invested in vacant land with a view to building an investment property on it, the tax deductions you can claim have changed. Effective July 1, 2019, expenses related to holding vacant land are no longer tax-deductible, regardless of ownership prior to that...
by Camden Professionals | Apr 2, 2024 | Announcements, ATO, PAYG, Smalll Business
The PAYG withholding cycle determines reporting and payment frequency to the ATO. The ATO will write to tax agents and employers in April to announce if your PAYG withholding cycle needs to be upgraded. Your new withholding and payment cycle will depend on the amount...
by Camden Professionals | Apr 2, 2024 | Announcements, Perth, Small Business Skills & Training Boost, Small Business Tips, Smalll Business
Are you paying for your employees’ external training? If yes, then you might qualify to claim the skills and training boost. Does your business have a total turnover of less than $50 million? You might be eligible for the small business skills and training boost. The...
by Camden Professionals | Apr 2, 2024 | Perth, Property Investment
Australian property prices rose 0.6 per cent in March, capping off a solid first quarter of 2024 in which median home values lifted about $12,000. Property prices rise 0.6 per cent in March as Perth heats up. Every capital city except Darwin saw median dwelling values...
by Camden Professionals | Mar 19, 2024 | ATO, Income Tax Returns, Medicare
This is a bit of an ATO (Australian Taxation Office) secret, but under certain circumstances you may be entitled to claim any Medicare Levy you’ve paid during the year back if you’re deemed exempt. Claiming a Medicare Exemption If you were considered a temporary...
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