by Camden Professionals | Apr 18, 2024 | Capital Gains Tax (CGT), Property Investment, Property Tax
Investment property can be a lucrative way to set your family up for a future nest egg. However, if you’re looking to maximise the value of your property investments, you need to be aware of the costs that come along with it. The biggest cost you’re likely to face...
by Camden Professionals | Apr 18, 2024 | Capital Gains Tax (CGT), Small Business Tax Deductions, Smalll Business, Succession Planning
Small business capital gains tax concessions provide an opportunity for small business owners to reduce the amount of tax they owe on the sale of business assets. One of the key CGT concessions is the CGT exemption, which can be a significant tax-saving opportunity...
by Camden Professionals | Apr 18, 2024 | ATO, Income Tax Returns, Tax & Accounting
A late tax return penalty can be substantial, but they are entirely avoidable. That is why it is important to know your tax deadlines and any penalties that may apply for failing to lodge on time. In this article we will cover what an overdue tax return is, what the...
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...
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