Taxing Time for Expats: Changes to the CGT Main Residence Exemption
If you are an Australian foreign resident for tax purposes and are planning on selling your main residence in Australia, there are some important new laws that you need to be aware of. Until recently, non-residents could claim an exemption for capital gains tax (CGT) when selling their main residence in Australia. However due to […]
Is Someone Stealing Your Money?
As seen in the Coffs Coast Advocate By James Davis As a business owner your focus is on driving sales, cutting costs, managing staff. But what if all that focus and hard work is being undermined by someone who is quietly stealing your money? Fraud is more common than most business owners realise and 60% […]
Building a Fraud Firewall: Six steps to help prevent fraud
Small businesses tend to be vulnerable to fraud because they have weak internal controls. Business owners can be too trusting, too busy chasing new business or too short-staffed allowing procedures and systems fall by the wayside. Internal controls may be less sexy than winning a big contract, but they are just as important to the […]
Five types of fraud that could cause you a world of pain
Business fraud is more common than you make think, striking all sizes of business and potentially forcing a profitable operation into freefall without much warning. We don’t say this to scare you. The purpose of this blog is to make you aware of the most common types of small business fraud and help you to […]
Hannah Edwards Top the Class at Tax Institute
HQB Client Manager Hannah Edwards has come at the top of her class in the two subjects most recently completed with the Tax Institute. Last semester Hannah studied Property Law, building her skills and knowledge about real estate, intellectual property, competition, consumer and insurance law. She also took Entities & Business Structure, learning about the […]
What You Need to Know Before Buying Property in Your Self-Managed Super
One of the most appealing elements of a self-managed super fund (SMSF) is the flexibility to invest in a wide range of asset classes, including investment property. But those who want to add real estate to their SMSF need to consider a number of factors before they jump into a residential or commercial property purchase. […]
Election Tax Impacts
It seems the Federal Election results have surprised most pundits. Building up to the election, the hot topics for discussion seemed to focus on many tax related matters – so let’s look at the impact from a tax viewpoint. The following Labor proposals will no longer be on the agenda: No refund arising from excess […]
Is Self-Managed Superannuation Right for You?
Ensuring you have enough superannuation is crucial to securing your financial future once you retire. While most people keep an eye on their superannuation funds to ensure they’re tracking in the right direction, others want to take a more hands-on approach when it comes to their retirement nest egg. One way to do this is […]
Labor’s Proposal To Reduce The Capital Gains Tax Discount
With the election looming, Labor have confirmed they intend to legislate halving the CGT Discount to 25% for investments entered into after 1 January 2020. (this would mean more tax being payable on gains made into the future.) Currently the discount is at 50%, which means that a taxpayer (excluding company and superannuation funds) upon receipt […]
Budget Update
On 2 April 2019, the treasurer, Josh Frydenberg, delivered his first Federal Budget of the Morrison Government. Being that this is also a pre-election Budget, the proposed measures may very well change in the coming months prior to and after the Federal election. Proposed Measures – Individuals Individual Tax Relief through Low and Middle Income […]