Tax planning is the process of arranging your financial affairs to minimise your tax bill. It involves making strategic decisions about how and when you invest, how you structure your business affairs and what types of income you earn. Effective tax planning can save you thousands each year, so it’s well worth seeking professional advice […]
Author Archives: vac-admin
When it comes to filing your taxes, there are a lot of deductions and credits you can claim. If you use your vehicle for business purposes, you may be able to deduct the expenses associated with it. But what exactly qualifies as a business expense? And how do you go about claiming car expenses on […]
Main Residence & Capital Gains Tax Definition Explained Capital Gains Tax Definition Capital gains tax (CGT) applies to gains you have made on the sale of capital assets (assets you make money from). Unless an exemption or reduction applies, or you can offset the tax against a capital loss, any gain you made on an […]
As of the 1st of July 2022, the super guarantee rate is increasing from 10% to 10.5% and the $450/month eligibility threshold for when the super guarantee is paid, will be removed. The key take-homes is to understand whether you have to pay super for your employees. This may include contractors and anyone that is […]
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Jun
Jun
With tax time fast approaching, I thought I would share with you the key topics that the ATO have announced that they will be focusing on strongly in 2022. The ATO have announced that they will be appropriately scrutinizing on reporting of income and deductions in the following areas. And will be strictly ensuring that […]
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Apr
Apr
Although meccas in their own right, Melbourne and Sydney lead Australia’s start-up climate. With Adelaide, Brisbane and Perth trailing far behind, these two cities lead the way for business start-ups in the nation. So, why are there so many more start-ups in Sydney than in Melbourne? First of all, the Sydney start-up climate has changed […]
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Apr
Apr
It has been a testing start to 2022 for our nation; navigating through a two-year-long pandemic and torrential flood on the east coast of Australia has left many grasping at straws. NSW, in particular, have been hit with heavy rainfall and floods, leaving many NSW locals wondering when they’ll catch a break. The state government’s […]
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Apr
Apr
Land tax can be a tricky road to navigate at the best of times. With exemptions, thresholds and valuations to consider, it can be a daunting task in, at times, uncharted waters for many. So, with the 2022-23 federal budget recently being released, we explore what the latest on QLD land tax means for Queenslanders. […]
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Apr
Apr
Immutable, a Sydney NFT start-up, has recently completed a feat that many start-ups only dream of – raising and securing a stunning $200 million in funding. But it hasn’t been an easy path to success for Immutable – formerly known as Fuel Games – as co-founders James and Robbie Ferguson and Alex Conolly would reveal. […]
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Apr
Apr
The last two years have been testing for everyone globally; Australia itself dealt with fires, a pandemic, and floods within the previous two years. This year has brought a federal election to light and, in turn, a federal budget to match going into the final weeks before voting day. So what does it mean for […]