by Camden Professionals | Jun 29, 2023 | Airbnb, ATO, EOFY, Income Tax Returns, Property Investment, Property Tax, Property Trusts, Record Keeping, Tax & Accounting, Tax Deductions, Tax Refunds
The Australian Taxation Office has made it clear to landlords that they are a primary focus of scrutiny this tax season, announcing a far-reaching expansion of its data-matching capabilities. The crackdown has been prompted by an ATO review that found 90 per cent of...
by Camden Professionals | Jun 29, 2023 | ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions, Tax Refunds
Its Tax Time again and as you prepare for lodging your return we want to ensure why you need to understand the importance of lodging your returns and fulfilling your tax obligations. Lodging an income tax return is an important financial responsibility for individuals...
by Camden Professionals | Jun 15, 2023 | ATO, EOFY, Tax & Accounting, Tax Deductions, Tax Refunds
Did you know that you can make a concessional superannuation contribution and get $5000 or more as a tax refund this year? Super concessional contribution caps There is a limit on how much you can put into super each year from your pre-tax income. Such contributions...
by Camden Professionals | May 29, 2023 | ATO, EOFY, Small Business, Tax & Accounting, Tax Deductions, Tax Refunds
A guide to the strategies you can use to minimise your business tax. IS YOUR BUSINESS A “SMALL BUSINESS” ENTITY? Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small Business Entity”, the business must have an aggregated turnover...
by Camden Professionals | May 29, 2023 | ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions, Tax Refunds
Now’s the time to review what strategies you can use to minimise your tax before 30 June 2023. Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday (when we can travel again) Deposit for an Investment...
by Camden Professionals | May 22, 2023 | Airbnb, ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions
A few quick actions may help put some extra cash back in your pocket. Check out our top tax tips before the tax year ends on 30 June. The end of the financial year is almost here and many Australians are looking to find ways to reduce their tax. Whist we encourage...
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