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 1, 2024 | EOFY, Small Business Tips, Tax & Accounting, Tax Tips
As the financial year wraps up on June 30, many Australian taxpayers are eager to lodge their tax returns in July, hoping for a quick refund. However, rushing to submit your tax return as soon as possible may not be the best strategy. Here are several reasons why you...
by Camden Professionals | May 27, 2024 | ATO, EOFY, Tax & Accounting, Tax Tips
As the end of the financial year approaches, Australians are looking for effective strategies to cut their tax bills. With the deadline looming on June 30th, it’s essential to act swiftly and strategically. Here are some last-minute tips to help you save on your tax...
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