by Camden Professionals | Oct 10, 2022 | Business, Retirement, Succession Planning
Successful businesses know they need open communication and a plan to ensure continuity. Handing over control to someone else is never easy – this is true in life and perhaps even more so in business. Whether it be ownership, management or another role, it is...
by Camden Professionals | Oct 10, 2022 | Fringe Benefits Tax (FBT), Tax & Accounting
The Treasury Laws Amendment (Electric Car Discount) Bill 2022 was introduced which proposes to make the provision of zero or low emissions vehicles exempt from fringe benefits tax (FBT). The FBT exemption will apply to cars below the luxury car tax threshold for fuel...
by Camden Professionals | Sep 30, 2022 | SMSF, Superannuation, Tax & Accounting
Tax concessions are one of the major reasons why SMSF trustees look to buy property with an SMSF. Your SMSF tax rates vary depending upon whether your SMSF is in Accumulation Phase or Pension Phase. When your SMSF is Accumulation Phase you are still working, and you...
by Camden Professionals | Sep 29, 2022 | Capital Gains Tax (CGT), Small Business, Small Business Tips
The small business capital gains tax (CGT) concessions allow you to reduce, disregard or defer some or all of a capital gain from an active asset used in a small business. The concessions are available when you dispose of an active asset and meet eligibility...
by Camden Professionals | Sep 23, 2022 | Cryptocurrency, SMSF, Superannuation
Many Australians are increasingly incorporating cryptocurrency into their Self-Managed Super Funds. (SMSF’s), but there are complexities to look out for. According to the ATO, SMSF’s held $227 million AUD in cryptocurrency assets on 31 December 2021, with forecasts...
Recent Comments