What Are the New Foreign Investor Tax Rules in Australia?
Are you a foreign investor in Australian property? If so, it is imperative that you understand your tax obligations in Australia to avoid penalties and unnecessary high tax debt. From JANUARY 1st, 2025, the Australian Tax Office (ATO) is expected to announce big changes on withholding tax that will affect all overseas investors. This article…
Read MoreMoonee Valley News | Keilor Road
Moonee Valley Update | Keilor Road Accountant Region Articles The first of our website articles on news from around six of the councils where the majority our clients live or have their businesses. Our first post is close to home as we see it every day. When we travel to work, or look out the…
Read MoreEssendon Accountant | Searching For Accountant Near Me
Essendon Accountant Accountant Near Me Essendon accountant or accountant near me are the two of the three most common searches on the Internet for an accountant in the Essendon area. The third most popular search is accountants Essendon. The TJD Accounting Services website should provide you with all the information you need on our tax…
Read MoreHow to help your child with their first tax return
First tax return for your children Have you got taxation block? Especially when this is one of your children’s first tax return. Tax time and as parents we’ve done our ATO taxation return for years and no longer need to think about what is required of us. Tax returns for us has become automatic. Are…
Read MoreAre You Planning A Trip Overseas?
Best Ways to Take Money Overseas Protect You Assets Has one of your children has decided to take a trip overseas, do you know the best ways to take money overseas? Read on so you can assist them with protection of their assets while they are abroad. In the past we’ve discussed the concept of…
Read MoreThe Guide To Teaching Children About Money
Teaching Kids the Value of Money How do we teach our children about the value of money? As parents we want our children to prosper with health, friendships, education and generally grow into strong, reliable adults. Yet we sometimes forget, until maybe too late that for our children to prosper we need them to understand…
Read MoreBuyer Beware!
Tax payers selling properties valued at $2 million and above must obtain from the ATO a ‘Clearance Certificate’. The new withholding tax rule was introduced from 1st July 2016 and has been designed with foreign investors in mind who purchase properties from Australian residents. The certificate is there to ensure Capital Gains tax obligations are…
Read MoreRental Property Tax Deductions
Rental Property Tax Deductions Rental property expenses are any expense related to income earned from the property, these will be assessed by the ATO for rental property tax deductions. As a guide, we’ve compiled a list of general expenses that may be eligible to be included in your tax return. Rental Property Tax…
Read MoreHow To Prepare For A Comfortable Retirement
Have you planned for succession and/or retirement? For many individuals and business owners, the idea of retiring seems too far way to be deemed important. It’s something that can be dealt with later. If not, then the proceeds of the business should see them through. The reality is that life is ever changing and an…
Read MorePractical Business Advice That Works
Business Advice Your Business Activity Statement Are you lodging BAS returns on time? Most businesses need to lodge their business activity statement, (BAS) each quarter (i.e. 1st July to 30th September). Your BAS returns due date depends on whether or not you do it yourself or use a tax agent. However we find that completing…
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