by Swot Accoountants | Aug 16, 2021 | Business News, Tax & Compliance
Most people look forward to receiving a tax refund when they lodge their tax return however, in some cases the ATO will issue a tax bill instead. Generally, people who earn income as employees have tax payments made on their behalf throughout the year through...
by Swot Accoountants | Jun 1, 2021 | Business News, Capital Gains Tax (CGT), Tax & Compliance
More than 600,000 Australians have purchased cryptocurrency assets in recent years, and undeniably many of them need some advice as we head towards tax time. While the Australian Taxation Office (ATO) has been watching cryptocurrency for years, their data analysis...
by Swot Accoountants | May 12, 2021 | Business News, Tax & Compliance
*Please note – Many of the announced measures will require changes to the law before they can be administered on behalf of the Australian Government. Personal Tax Rates – there are no changes to the personal income tax rates. The next stage of personal income tax cuts...
by Swot Accoountants | Mar 21, 2021 | Super, Tax & Compliance
Concessional super contributions are part of most employee’s salary package (Super Guarantee contributions). These contributions are made into the employee’s super fund before tax. The contributions are then taxed concessionally at the special low rate of 15%. Please...
by Swot Accoountants | Mar 7, 2021 | Business News, Fringe Benefit Tax (FBT), Tax & Compliance
Car Fringe Benefits Tax (FBT) is a tax on fringe benefits provided to employees, including company directors (even if no director fees are paid to that director). If a business owns a car and that car is available to an employee for their private use, that employee...
by Swot Accoountants | Feb 23, 2021 | Business News, Business Training, Companies & Trusts, Tax & Compliance
Buying an established business can have many advantages, especially a business that has a solid positive business history. However, established businesses can also have many disadvantages, like bad financial history or poor reputation. There are steps you can take and...
