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...
by Camden Professionals | Dec 9, 2022 | Small Business, Small Business Tax Deductions, Working From Home
On Thursday 3 November 2022, the ATO announced draft changes to the work from home expense claim methods. Note: The draft Practical compliance guideline (PCG) released, outlines a new method called the revised fixed rate method for claiming a deduction for working...
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