News

Property and lifestyle assets in the spotlight

The ATO has increased its focus on property asset owners, including those with expensive lifestyle assets. Investment property income, deductions, and ownership of high-value items like boats and aircraft are now under scrutiny.

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Property and lifestyle assets in the spotlight
( Posted in: Property )

When is a gift not a gift?

The distinction between gift or income is crucial in tax law. This article explores a case where the ATO deemed $1.6m in deposits as taxable income, not gifts or loans.

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When is a gift not a gift?
( Posted in: Tax )

There remain five reasons to expect the $A to rise

Expect the AUD to rise as favorable interest rates, undervaluation, and rising commodity prices set the stage for potential currency growth in the coming year.

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There remain five reasons to expect the $A to rise

Is it worth salary sacrificing into super?

Salary sacrificing into super can be a smart way to enhance retirement savings and reduce taxable income. This article explores the benefits and considerations to determine if it’s worth it for you.

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 Is it worth salary sacrificing into super?

Mortgage versus super - a common dilemma

In the mortgage versus super debate, the right strategy depends on your financial goals. Explore how to weigh the benefits of paying off your mortgage or boosting your super.

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 Mortgage versus super - a common dilemma

The rise in business bankruptcy

Business bankruptcy rates are climbing in 2024, with industries like construction and food services hit hardest. Understand the warning signs and how to manage your business’s financial health.

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 The rise in business bankruptcy
( Posted in: Tax )

Divorce, you, and your business

Divorce and business often intersect in complex ways. This article delves into the financial implications of divorce for business owners, exploring how family companies, superannuation, and assets are handled during marital dissolution.

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 Divorce, you, and your business
( Posted in: Tax )

Allied Health Accountants Are Crucial For Your Practice’s Success

Discover how specialised allied health accountants can transform your practice. From navigating complex regulations to optimising finances, learn why expert financial management is crucial for your success. Focus on patient care while we handle the numbers.

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 Allied Health Accountants Are Crucial For Your Practice’s Success
( Posted in: Allied Health )