by Camden Professionals | Jul 31, 2023 | ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions, Tax Refunds
Understanding your ATO notice of assessment can change how your tax is calculated. A Notice of Assessment (NOA) is generally issued by the ATO when individual tax return is lodged and assessed. If you have a myGov account, your NOA and tax receipt is sent to your...
by Camden Professionals | Jul 11, 2023 | ATO, Government Grant, Government Support, Small Business, Small Business Tips, Superannuation, Tax & Accounting
The start of each financial year usually brings with it a host of tax changes that SMEs need to be aware of, as well as a range of other regulatory changes that affect large sections of the Australian business community. From an increase in the national minimum wage...
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...
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