by C&N Accountants | Jun 12, 2024 | Tax Planning, Tax Tips
The end of the financial year is just around the corner. Here’s a rundown of areas likely to catch the ATO’s eye and ways to maximise your deductions. For You Opportunities With the 1 July 2024 tax cuts on the horizon, consider bringing forward your...
by C&N Accountants | Mar 13, 2024 | Income Tax, Tax Planning
The revised stage 3 tax cuts have been approved by Parliament and will be effective from 1st July 2024. It is advisable to review any salary sacrifice agreements before the new tax rates take effect to ensure that they still align with your desired outcome. If...
by C&N Accountants | Jan 29, 2024 | ATO, Income Tax, Tax & Accounting, Tax Planning, Tax Refunds
The Federal Government has recently announced a realignment of the personal income tax cuts, initially legislated to commence on 1 July 2024. This realignment is part of a new proposal that seeks to redistribute the tax cuts more effectively. Overview of the Amended...
by C&N Accountants | Dec 7, 2023 | ATO, Capital Gains Tax, Property Investment, Tax Deductions
There has been a recent controversy in the tax field due to a remarkable case in which a taxpayer, defying the odds, obtained a deduction for a significant loss from the sale of her home. In this blog, we will investigate the specifics of this surprising development...
by C&N Accountants | Nov 1, 2023 | ATO, Tax & Accounting, Tax Deductions, Tax Planning, Tax Refunds, Tax Tips
Are you wondering about the Lump Sum Payment in Arrears tax offset (LSPIA)? Let’s break it down in a way that’s easy to understand. What is a Lump Sum Payment In Arrears Tax Offset? If you receive a significant lump sum payment tied to a previous...
