by Camden Professionals | Nov 6, 2023 | ATO, Luxury car tax, Tax & Accounting
You’ve bought the car of your dreams after negotiating the price like a pro. You think you’re done and dusted until you receive the final invoice and it’s not what you expected. There’s an extra amount you have to pay on the car to the Australian Taxation Office (ATO)...
by Camden Professionals | Nov 6, 2023 | Airbnb, Income Tax Returns, Tax & Accounting, Tax Deductions
Airbnb is a hero of the sharing economy. By matching property owners with potential guests, it’s an alternative accommodation renaissance. As a landlord, you set the price and conditions while guests get a personal touch and insight into the area. With all the...
by Camden Professionals | Nov 6, 2023 | Property Investment, Property Investment Tips
One way to dip your toe in the property market if you want to buy a brand new property is to buy off the plan. This involves entering into an agreement with a developer when a property has yet to be built. It has its pros and cons but if you are considering buying off...
by Camden Professionals | Oct 24, 2023 | ATO, Income Tax Returns, Tax & Accounting, Tax Deductions
It’s quite common for people to structure their professional affairs by setting up an entity to run their business through. This could be a trust, a partnership or, most often, a company. The tax rate for small companies is just 25% which compares very...
by Camden Professionals | Oct 24, 2023 | Income Tax Returns, Small Business, Small Business Tips, Tax Deductions
If you operate some or all of your business from home, you may be able to claim tax deductions for the business portion of expenses. These may include: occupancy expenses (such as mortgage interest or rent, council rates, land taxes, house insurance premiums) running...
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