by Camden Professionals | Jan 30, 2025 | ATO, FRCGW - Foreign Residents Capital Gains Witholding, Perth Property Investment, Property Investment, Property Investment Tips, Tax & Accounting, Tax Tips
What Australian Residents Need to Know About Updates to the Foreign Resident Capital Gains Withholding (FRCGW) Starting from 1 January 2025, the Foreign Resident Capital Gains Withholding (FRCGW) rules will be changing. Currently, Australian residents selling property...
by Camden Professionals | Jan 30, 2025 | ATO, Inheritance, Tax & Accounting, Tax Tips
When a loved one passes away, the emotional toll can be overwhelming, and the last thing you may want to focus on is taxes. However, navigating the tax implications is a crucial part of administering an estate. While Australia does not impose a death tax, there are...
by Camden Professionals | Nov 1, 2024 | ATO, Inheritance, Tax & Accounting, Tax Tips
Navigating the tax implications of an inheritance can be complex, especially when it involves cash, assets, or properties. Understanding these implications is essential to ensure compliance and effective financial planning. Here’s a breakdown of the tax considerations...
by Camden Professionals | Oct 3, 2024 | ATO, Foreign Residents, Tax & Accounting, Tax Tips
Tax residency is a fundamental concept in the Australian tax system, determining an individual’s tax obligations. Understanding your tax residency status is crucial, as it affects how much tax you pay and which income is subject to taxation. With Australia’s...
by Camden Professionals | Sep 26, 2024 | ATO, GST, Smalll Business, Tax & Accounting
The Australian Taxation Office (ATO) has emphasized its commitment to collecting business debts, particularly regarding superannuation guarantee (SG), pay as you go (PAYG) withholding, and GST. This serves as a crucial reminder for businesses to stay compliant with...
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