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How the small business CGT concessions work

How the small business CGT concessions work

by Camden Professionals | Oct 19, 2023 | Capital Gains Tax (CGT), Small Business, Small Business Tips

The small business CGT concessions allow you to reduce, disregard or defer some or all capital gain from an active asset used in a small business. The 4 small business CGT concessions include the: small business 15-year exemption small business 50% active asset...
Capital Gains Tax (CGT) implications of a home-based business

Capital Gains Tax (CGT) implications of a home-based business

by Camden Professionals | Oct 18, 2023 | Capital Gains Tax (CGT), Small Business, Small Business Tips

Did you find working from home during COVID-19 lockdown to be a success? Are you considering giving up your leased commercial business premises to instead run your business from home? This choice may result in the Australian Taxation Office taking a slice of the...
Privacy Act changes to impact small businesses

Privacy Act changes to impact small businesses

by Camden Professionals | Oct 3, 2023 | Privacy Act, Small Business, Small Business Tips

Around 2.3 million small businesses face new obligations around the handling of personal information after the government said it would remove a current exemption from the Privacy Act. The overhaul would also remove a current policy exemption for businesses with...
When to sell an investment property

When to sell an investment property

by Camden Professionals | Oct 3, 2023 | Property Investment, Property Investment Tips

Like any investment, weighing up when to sell an investment property can be a tricky call to make – mainly because there are so many factors to consider.  It all comes down to timing. Sell too early and you could end up missing a property boom, but holding onto...
Do You Need To Declare Your Overseas Income In Your Tax Return?

Do You Need To Declare Your Overseas Income In Your Tax Return?

by Camden Professionals | Oct 3, 2023 | ATO, Tax & Accounting, Tax Refunds

If you’re an Australian resident for taxation purposes, don’t forget you’ll need to declare any income you earn from overseas in your Australian tax return. Foreign income is commonly known as your ‘worldwide income’. This includes and income you receive from: Salary...
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