by Camden Professionals | Feb 7, 2024 | ATO, Income Tax Returns, Tax & Accounting, Tax Deductions
A recent case presented before the Administrative Appeals Tribunal (AAT) underscores the significance of ensuring that the evidence aligns with the tax position asserted. This specific case revolves around heritage farmland, initially acquired for $1.6 million and...
by Camden Professionals | Jan 31, 2024 | Income Tax Returns, Tax & Accounting, Tax Refunds
The personal income tax cuts legislated to commence on 1 July 2024 will be realigned and redistributed under a proposal released by the Federal Government. After much speculation, the Prime Minister has announced that the Government will amend the legislated Stage 3...
by Camden Professionals | Nov 15, 2023 | Property Investment Tips, Tax & Accounting
Most investors will be familiar with rental properties, but many do not fully understand the rules and concessions available. In this article we look at the tax benefits and concessions that property owners are eligible to claim. There are two situations that need to...
by Camden Professionals | Nov 6, 2023 | ATO, Luxury car tax, Tax & Accounting
You’ve bought the car of your dreams after negotiating the price like a pro. You think you’re done and dusted until you receive the final invoice and it’s not what you expected. There’s an extra amount you have to pay on the car to the Australian Taxation Office (ATO)...
by Camden Professionals | Nov 6, 2023 | Airbnb, Income Tax Returns, Tax & Accounting, Tax Deductions
Airbnb is a hero of the sharing economy. By matching property owners with potential guests, it’s an alternative accommodation renaissance. As a landlord, you set the price and conditions while guests get a personal touch and insight into the area. With all the...
by Camden Professionals | Oct 24, 2023 | ATO, Income Tax Returns, Tax & Accounting, Tax Deductions
It’s quite common for people to structure their professional affairs by setting up an entity to run their business through. This could be a trust, a partnership or, most often, a company. The tax rate for small companies is just 25% which compares very...
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