by C&N Accountants | Sep 5, 2024 | ATO
Do you own an investment property or perhaps a luxury asset like a boat or aircraft? The ATO is examining your tax return to ensure that what you declare adds up. The Australian Taxation Office (ATO) has introduced two crucial data-matching programs targeted at...
by C&N Accountants | Aug 27, 2024 | Asset Protection, Business, Capital Gains Tax, Superannuation
Going through a divorce is tough, and it’s not just the emotional and financial strain you need to think about. Plenty of issues need sorting out, especially if you’re running a business. What Happens When There’s a Family Company? Suppose you and your partner have...
by C&N Accountants | Jun 27, 2024 | Capital Gains Tax, Residential Property
When it comes to capital gains tax (CGT), the main residence exemption can help keep your family home tax-free when you sell it. However, like most tax matters, it can sometimes be complicated. As Darryl Kerrigan famously said in *The Castle*, “It’s not a...
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 | Dec 20, 2023 | ATO, Business, Small Business, Tax Planning
Uncertainty has cast its shadow over recent years, but are we finally in for a more predictable ride as we step into 2024? Let’s delve into the key factors influencing the landscape. Inflation and Labour Dynamics According to RBA Governor Michelle Bullock,...
