By Craig Byron CPA In late 2019 a major change was made to the capital gains tax law – now exposing Australian property owners who are non-residents for tax purposes to potentially massive tax bills when they sell their former homes in Australia. If you are in this situation you need to stop what you … Read more
ATO scam calls can be hard to pick if you’re inexperienced. Here is how you can tell the difference.
Jarrod Rogers CPA If you think you are owed money from any of the people involved and you want to skip the background information, scroll down to the heading “What if I am owed money by these companies?”. I have previously written on this site about the following people and companies. KORNUCOPIA PTY LTD (ACN … Read more
One of the most common financial regrets clients have is their HECS debt. That $30,000 debt seems like it will never get any smaller. The biggest regrets come from people who wish they’d never enrolled in the course in the first place. Maybe you did the first year of a degree before switching course, or … Read more
Most of us have experience being a company employee. And many Australians have experience as a company owner in a small way. If you’re a shareholder in a widely held company like Telstra or perhaps a major bank then technically you’re a part owner of the company. Being an employee and being an owner are … Read more
We refer to visas and the current rules for temporary migrants, but we emphasise that we are not government officials or migration agents, and you should confirm the details of this article with the relevant authority before cancelling or changing insurance. The author owns shares in a health insurer. Health insurance rules for 457 visa … Read more
ATO email scams - How to stay safe Spam email is a fact of life, and there are many financial scams around. But it seems that ATO scams are on the increase. I’ve received scam emails myself, and I’ve been getting more questions from clients about ATO email fraud. Is the email from the … Read more
The government is pushing for major changes to the Living Away From Home Allowance (LAFHA) which will wipe out many of the tax benefits for temporary residents from 1 July 2012. Tip: if you want skip the background information and go straight to the new rules, scroll down to the fourth heading. What is Living … Read more
As the deadine approaches for the latest quarterly business activity statement (BAS) there will be many business owners starting to stress. The quarterly chore of lodging a BAS holds as much anticipation as an appointment with the dentist. Where are those receipts I was keeping? Can I claim GST on that? How much am I … Read more
Here are some helpful tax and business resources elsewhere on the web. www.taxpayersassociation.com.au Taxpayers Australia is a not-for-profit organisation whose aim is to provide individuals, small and medium sized businesses and taxation practitioners with up-to-date, informative and understandable information about taxation – to ensure that we pay the right amount of tax, and not a … Read more
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