by Alix Dower | Dec 13, 2022 | blogs
In June 2022, a milestone policy was included in the NSW Government Budget to offer first home buyers the choice to pay a one-off lump sum tax (‘stamp duty’) or an annual land tax when purchasing homes under a certain value. The legislation for this policy is planned...
by Alix Dower | Dec 5, 2022 | blogs
With tough times facing individuals, such as bank foreclosures and retrenchments, the rising cost of living pressures and mortgage defaulting, some people might get caught up in illegal schemes to take their money out of super. Promoters of illegal schemes single out...
by Alix Dower | Nov 15, 2022 | blogs
The only two certainties in life are death and taxes, or so the saying goes. Some may believe that the Australian Taxation Office (ATO) lives by that as its mantra. However, sometimes they may make a decision that we as tax professionals and your trusted advisers may...
by Alix Dower | Nov 8, 2022 | blogs
The type of cover, deductibility of premiums and treatment of claims make life insurance a complex topic for tax. It’s a topic that professionals and businesses alike seek assistance from accountants. The deductibility of premiums and treatment of claims payouts can...
by Alix Dower | Oct 31, 2022 | blogs
It’s a common misconception that working two or more jobs will increase the tax you pay at the end of the year. However, the Australian Taxation Office (ATO) only needs to know much your total taxable income is. They do not care how many jobs you have or how many...
