The BAS deadline is the deadline for submitting the Business Activity Statement (BAS) to the relevant tax authorities. This specific deadline is for the 23 Dec quarter BAS, and the due date will be 28 Feb 2024. It is important…
Traveling for business can be a rewarding experience, opening up new opportunities and ventures. However, the financial burden of travel expenses can sometimes lead to stress and overwhelm. The good news is that there are strategic steps you can take…
Welcome to your ultimate guide on property investment with a Self-Managed Super Fund (SMSF). If you’re looking to grow your retirement savings while venturing into the world of real estate, this guide is for you. In this first section, we’ll…
Are you aware of the 6 year rule and how it can impact your capital gains tax? If you own an investment property that was once your main residence, this rule can offer you significant financial benefits. Let’s dive into…
Why you might consider setting up a self-managed super fund (SMSF) A self-managed super fund (SMSF) is a private super fund that you manage yourself. SMSFs are different from industry and retail super funds, as you have complete control over…
Upcoming Tax Deadlines for Australian Businesses As we approach the end of February, Australian businesses are reminded of several important tax deadlines fast approaching. These deadlines include: 21 February: The deadline to lodge and pay the January 2023 monthly business…
Happy New Year, everyone, as we are entering a new year. It is some deadlines for business owners in Australia. 21 January Lodge and pay quarter 2, 2022–23 PAYG instalment activity statement for head companies of consolidated groups. Lodge and pay December…
The 2022 Fringe Benefits Tax (FBT) return is slightly different from what you have lodged in the past. 2022 Fringe Benefits Tax due date If you have an FBT liability for the FBT year ending 31 March 2022, you must…
Australian residents for tax purposes are subject to a Medicare levy of 2.0% of their taxable income unless they qualify for a reduction or exemption. However, some taxpayers may be qualify for for a reduction or exemption Medicare levy reduction…