by Camden Professionals | Apr 1, 2023 | Business Advisory, How To, Small Business, Small Business Tips
Starting a small business and turning a passion or an idea into something bigger is a dream for many Australians. Being your own boss and building something from the ground up can be incredibly rewarding – but it’s not always smooth sailing. Being a small business...
by Camden Professionals | Mar 24, 2023 | ATO, How To, Income Tax Returns, Small Business, Superannuation, Tax Deductions, Work from Home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
by Camden Professionals | Mar 24, 2023 | ATO, Property Investment, Property Investment Tips, Property Tax, Tax & Accounting
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise...
by Camden Professionals | Mar 24, 2023 | Announcements, Retirement, SMSF, Superannuation, Wealth Planning
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate on earnings from superannuation in the accumulation phase will remain...
by Camden Professionals | Mar 15, 2023 | Property Investment, Property Investment Tips, Retirement, SMSF, Superannuation
Self-Managed Superannuation Funds’(SMSFs) are a tax effective and efficient way of saving for your retirement. For many Australians, SMSFs are increasingly being used to purchase property. The advantages of a self-managed super fund depend on your circumstances,...
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