Capital Gains Tax – Main Residence Exemption
Luckily, capital gains tax does not apply to your home i.e. ‘main residence’, unlike other assets that you may sell. Unfortunately, as is usually the case with tax, the details can become mind boggling. If you acquire a new property that is to become your new main residence before you dispose of your existing main […]
Scammers “Gone Phishing”
This time of the year is one of the busiest for us as Tax Agents. But we’re not the only one’s hard at work! Scammers are working overtime to do you out of your hard earned money. Identifying themselves as representatives of the ATO or ASIC, they are getting smarter at convincing you they are […]
Super Guarantee
If you have employees who earn $450 or more in a calendar month, then you may need to pay their super. The minimum amount you must pay is called the super guarantee (SG) and the rate is currently 9.5% of wages. SG is due to be paid to your employees chosen superfund by the 28th […]