by Camden Professionals | Sep 19, 2024 | Contractors, Employee entitlements, Single Touch Payroll, Small Business Tips, Smalll Business, Tax & Accounting
Small business owners often find themselves navigating the complex landscape of employing contractors versus hiring employees. With the rise of the gig economy, the allure of contracting—where businesses might avoid responsibilities like superannuation, holiday pay,...
by Camden Professionals | Sep 12, 2024 | ATO, Data Matching, Tax & Accounting, Tax Tips
If you own investment properties or high-value lifestyle assets such as boats or aircraft, the Australian Taxation Office (ATO) is closely scrutinizing these to ensure that your tax returns are accurate. The ATO has recently launched two new data-matching programs to...
by Camden Professionals | Sep 12, 2024 | ATO, Tax & Accounting, Tax Tips
If your business or investment structure involves making payments such as interest, dividends, or royalties to foreign residents, you may be subject to withholding tax obligations. The Australian Taxation Office (ATO) is intensifying its focus on ensuring compliance...
by Camden Professionals | Sep 4, 2024 | ATO, Tax & Accounting, Tax Tips
In Australia, the tax treatment of gifts can be complex, particularly when the Australian Taxation Office (ATO) decides that a transaction, which appears to be a gift, is not classified as one for tax purposes. This distinction can have significant implications for...
by Camden Professionals | Jul 17, 2024 | SMSF, Succession Planning, Tax & Accounting
A range of concessions encourage small business owners to add the proceeds from selling their business to their retirement savings. If you are a small business owner preparing for retirement, here are some key considerations to make one final boost to your nest egg....
by Camden Professionals | Jul 17, 2024 | Land Subdivision, Property Investment, Property Investment Tips, Property Tax, Tax & Accounting
Subdividing land in Australia can be a lucrative way to maximize the value of a property, but it also comes with a complex web of tax implications. Understanding these tax consequences is crucial for making informed decisions and ensuring compliance with Australian...
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